PANews reported on February 22 that according to News.bitcoin, House Financial Services Committee Chairman French Hill and Representatives Dan Meuser, Andy Barr and Bryan Steil urged the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets. In a letter to FDIC Acting Chairman Travis Hill, lawmakers expressed concerns about federal regulators forcing banks to refuse to provide services to cryptocurrency-related businesses, a practice known as "bank account closures."

The lawmakers made five key recommendations for the FDIC. First, they urged the agency to require that all bank supervisory guidance be in writing and made public to guard against the use of informal directives that are only verbal. Second, they called on financial institutions to provide clear reasons when closing customer accounts, ensuring greater accountability while complying with the Bank Secrecy Act.

Third, they pushed for the removal of “reputational risk” as a regulatory factor, noting that it has been abused to justify unfair banking restrictions. Fourth, they recommended an external review of all supervisory guidance to balance the benefits of regulation with the impact on financial access. Finally, they stressed that all regulations should be applied uniformly across financial institutions to prevent selective enforcement.