<span style="font-weight: 400;">The Blockchain Association (BA), a cryptocurrency advocacy group, has sent two regulators additional Freedom of Information Act (FOIA) requests for information on crypto-friendly banks that have closed recently.</span>

<span style="font-weight: 400;">The <a href="https://theblockchainassociation.org/blockchainassociation-submits-additional-foia-and-foil-requests-to-further-investigate-de-banking-of-crypto-firms/" target="_blank" rel="nofollow noopener">Association</a>, in addition to the FOIA requests, had also made Freedom of Information Law (FOIL) requests to the New York Department of Financial Services (NYDFS) and the Federal Housing Finance Agency (FHFA). Following the takeover of Signature Bank and the failure of Silvergate Bank, the organization is looking for additional information regarding the de-banking of crypto companies.</span>
<h2><span style="font-weight: 400;">Silvergate to wind down after failed acquisition of Silicon Valley Bancorp</span></h2>
[embed]https://twitter.com/BlockchainAssn/status/1646851319229980672[/embed]

<span style="font-weight: 400;">Silvergate's parent organization declared it would wind down activities for the crypto and tech-centred bank. Its friend Silicon Valley Bank collapsed following a bank run, and the Treasury, Federal Reserve, and other agencies closed Signature Bank. The Affiliation at first petitioned for additional data from the Government Store Protection Partnership (FDIC), the Leading Group of Legislative heads of the Central bank Framework and the Workplace of the Specialist of the Money (OCC) with respect to the de-relying.</span>
<h2><span style="font-weight: 400;">Blockchain Association, DeFi Education Fund sue over Tornado Cash in U.S. District Court</span></h2>
<span style="font-weight: 400;">The Blockchain Association and the <a href="https://www.cryptoknowmics.com/news/top-5-defi-tokens-of-the-week-that-you-can-invest-in/" target="_blank" rel="noopener">DeFi Education</a> Fund documented a short in a United States District Court over the sanctioning of Tornado Cash. With approximately one hundred members, which include executives, investors, businesses, organizations, and projects from the crypto industry, the Blockchain Association is an advocacy and lobbying group.</span>

Bank Closures Prompted Further FOIA Requests By The Blockchain Association

The Association, in addition to the FOIA requests, had also made Freedom of Information Law (FOIL) requests to the NYDFS and the FHFA.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Bank Closures Prompted Further FOIA Requests By The Blockchain Association

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