The heads of several of the top U.S. banks said Wednesday they don't have any plans to finance cryptocurrency miners.
Rep. Brad Sherman , a crypto mining critic, asked the heads of three major banks whether they intended to finance crypto mining during a congressional hearing of the House Financial Services Committee. “I do not believe so,” Citigroup CEO Jane Fraser said. Bank of America CEO Brian Moynihan and Wells Fargo CEO Charles Scharf both said their banks had no plans for that either.
In April, Rep. Jared Huffman , who leads a subcommittee within the U.S. House of Representatives’ Natural Resources Committee, recruited almost two dozen Democratic colleagues toto devote further scrutiny to the consequences of cryptocurrency mining. Raising capital has become difficult for miners this year as the price of bitcoin has slumped and energy prices have skyrocketed. Miners have had to get creative, while various companies are attempting to fill the void for miners. Decentralized finance firm Maple Finance, for example,Industry participants also expect some
mikeybellusci makes sense... if they're using PoW... 'miners' is a pretty broad term to just say that
mikeybellusci My money is safe
mikeybellusci Wow .. I’ll like to partner soon
mikeybellusci I don't undertand whyy all hiding this trick ffrom us
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