Section 10 of the SAFER Banking Act is more than just a stronger legal requirement; it’s a statement of intent. It signals the end of an era where discriminatory banking practices stifled innovation and forced legitimate businesses to look elsewhere, usually overseas, for support. By ensuring that personal beliefs and political motivations have no place in banking decisions, it lays the foundation for a more inclusive, fair, and innovative financial landscape in the U.S. It’s not just a win for the digital asset industry; it’s a win for the very ideals of fairness and justice that our nation holds dear.
- The SAFER Banking Act Can End Discriminatory Banking Practices
Written by Bankerage Published on October 13, 2023