Crypto News: US Congress To Act Soon As Banks Isolate Binance?

Crypto News: With the recent regulatory actions, the U.S. is currently facing heavy criticism of the way it is handling crypto industry. While industry insiders feel the US faces danger of losing a chance to be home for a new financial hub with crypto assets, the U.S. Securities and Exchange Commission (SEC) recently placed restrictions on crypto staking service offered by Kraken. This move was seen as the US regulators’ view to pose a warning to the crypto market. Also, crypto exchanges like Binance are having a tough time to find a banking partner in the US, owing to a hostile environment.