PANews reported on February 5 that according to the speech of Anchorage Digital CEO Nathan McCauley testifying at the U.S. Senate's "Debanking" hearing, he said that although Anchorage Digital is a federally licensed crypto bank, it was still refused service by banks, resulting in business losses and even 20% layoffs.

McCauley pointed out that between 2021 and 2023, US regulators gradually pressured banks to stay away from the crypto industry, including a number of policies jointly issued by the OCC, FDIC, SEC, and the Federal Reserve, which made banks generally reluctant to cooperate with crypto companies. He emphasized that many crypto companies were unable to obtain basic banking services as a result, and some were even forced to close.

McCauley urged Congress to legislate to guarantee fair access to financial services for the crypto industry, and suggested revoking the January 2023 joint statement by banking regulators to restore banks' normal service capabilities to the crypto industry.