Senate Banking Committee Ranking Member Pat Toomey (R-PA) sent a letter to FDIC Director and Acting Chairman Martin Gruenberg on August 16 saying that he is investigating claims that the FDIC has blocked banks from doing business with crypto businesses. The letter says, “Personnel in the FDIC’s Washington, D.C., headquarters are urging FDIC regional offices to send letters to multiple banks requesting that they refrain from expanding relationships with crypto-related companies, without providing any legal basis for sending such letters.”