House Republicans including Financial Services Committee Chair Patrick McHenry (R-NC) wrote letters to Federal Reserve Chair Jerome Powell, FDIC chief Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu calling for information regarding what they are concerned are “potential coordinated efforts” to deny banking services to digital asset firms. The lawmakers put out a statement saying, “Today, we are seeing the resurgence of coordinated action by the federal prudential regulators to suppress innovation in the United States. There is no clearer example than in the digital asset ecosystem.”