2019-01-06 —

Steven Lupien, Executive Director of DATA noted that "DATA, which is a non-profit, had its' bank account closed" and that "The Compliance departments of traditional banks will not allow for the banking of crypto, because they worry their FDIC insurance will be pulled".

However DATA, and a number of Wyoming legislators are championing SPDIs -- a special purpose bank that eschews FDIC insurance, in order to allow for the creation of US banks that are both crypto friendly and allow for the growth and proliferation of Blockchain businesses.

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