ConsenSys, the Ethereum developer behind MetaMask, has successfully navigated two attempts by U.S. authorities to exclude it from the financial system. CEO Joe Lubin revealed the company survived Operation Chokepoint 2.0 by keeping backup accounts. Despite intense pressure from regulators, Lubin’s unnamed bank resisted closing ConsenSys’ account, which was crucial for the $7 billion company. Lubin stated that the bank worked to delay the process and maintain their relationship, emphasizing the challenges crypto businesses face in the current regulatory landscape. This event highlights the ongoing struggle between crypto companies and authorities under President Biden’s administration.
The memecoins are exploding ever since the Bitcoin price surged past $100K and Ethereum headed…
A teenage investor who famously turned a small investment into $300 million through Dogecoin is…
Is Dogecoin going to the moon? The question is making the rounds again as the…
New politico reports suggest that XRP’s inclusion in US President Donald Trump’s proposed Crypto stockpile…
Germany has dealt a severe blow to the dark side of crypto, shutting down the…
Thinking of opening an account on Cryptomus for secure cryptocurrency investment and trading? This review…
