Two former U.S. politicians have jointly appealed a Wyoming district court's decision to uphold the Federal Reserve's refusal to open a primary account for them.
Donald B. Verrilli, former Attorney General during the Obama administration and currently a senior legal strategist at Grayscale Investments, has publicly criticized the de-banking measures taken by U.S. regulators, arguing that these measures intentionally restrict the development of the cryptocurrency industry.
Verrilli teamed up with Paul Clement, former attorney general during the George W. Bush administration, to make the argument in a friend-of-the-court brief filed July 3, reflecting bipartisan concerns about regulators’ practices.