The Federal Reserve's enforcement action against Customers Bancorp has led the community to question Harris' sincerity in trying to repair relations with the crypto industry
On August 10, according to Cointelegraph, the US Federal Reserve Board previously announced enforcement action against Customers Bancorp Inc., which provides digital asset services and tokenized instant payment platforms, possibly due to "significant deficiencies" in its risk management and anti-money laundering practices. The move raised questions in the community about the sincerity of US Vice President Harris's attempt to repair relations with the crypto industry.