Gemini co-founder: The Federal Reserve is controlling the channels for cryptocurrency companies to obtain banking services

In response to the Federal Reserve's enforcement action against Customers Bancorp, Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, said that Customers Bancorp is one of the few banks in the United States that is friendly to cryptocurrencies. The Federal Reserve is now controlling the channels for cryptocurrency companies to obtain banking services, essentially deciding who can open a bank account and who cannot, thereby limiting the operational capabilities of crypto banks. It is reported that the Federal Reserve requires Customers Bancorp to give 30 days' notice before establishing any new banking relationship with crypto companies, which has caused dissatisfaction in the crypto community. (Cointelegraph)