US Probe into 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, a leading cryptocurrency company. According to Barron's, sources familiar with the matter revealed that the investigation aims to scrutinize the bank's practices and policies.

Former Employees Contacted in Probe
Insiders disclosed that the Homeland Security has reached out to former employees of Anchorage as part of its investigation, though specific details of the inquiry remain undisclosed.

Regulatory Status Under Spotlight
This development surfaces as Anchorage Digital Bank emphasizes its regulated bank status to US regulators and politicians, while simultaneously strengthening ties with Trump administration officials. These connections could influence the future of cryptocurrency regulations in the US.