Senator Elizabeth Warren expressed her intention to collaborate with President Donald Trump and Senate Republicans to address the issue of debanking, a practice where banks deny services to crypto firms. During a recent Senate Banking Committee hearing, Warren acknowledged that debanking is a serious problem that needs examination. This change in her approach surprised many in the crypto industry, given her historically critical stance. Warren emphasized that no group, including crypto firms, should be ostracized from the banking system. She also highlighted the importance of the Consumer Financial Protection Bureau (CFPB), which she co-founded, in combating debanking practices. The CFPB has faced recent challenges, including attempts by Trump to shut it down. Warren's remarks extended to various groups affected by debanking, suggesting it also impacts nonprofits and marginalized communities. Crypto leaders were taken aback by her supportive questions during the hearing, indicating a potential shift towards bipartisan efforts to reform banking practices affecting the crypto sector.

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