US Investigates Anchorage Digital Bank's Crypto Operations

The United States Department of Homeland Security's El Dorado Task Force, known for its focus on anti-money laundering and financial crimes, has initiated an investigation into Anchorage Digital Bank. This development was first reported by Barron's, citing insider sources.

Insider sources reveal that the Homeland Security has reached out to former employees of Anchorage to scrutinize the company's operational practices and policies. However, specific details regarding the investigation remain under wraps.

Anchorage's Regulatory Positioning

Amid the investigation, Anchorage Digital Bank is emphasizing its regulated status to US regulators and policymakers. The company is also strengthening ties with officials from the Trump administration, potentially influencing the future of cryptocurrency regulations.