The El Dorado Task Force of the US Department of Homeland Security has initiated a probe into Anchorage Digital Bank, a cryptocurrency firm supported by Wall Street. The investigation, as per a report from Barron's on April 14, involves reaching out to former employees to scrutinize the company's operations and policies for potential financial crimes. The task force, established in 1992, focuses on transnational money laundering and financial crimes. Anchorage, co-founded by Diogo Mónica and Nathan McCauley, holds a federal charter as a crypto bank and has faced regulatory challenges, including a consent order from the OCC in April 2022. Despite this, the company has expanded its services for institutional clients and manages assets for prominent entities like BlackRock and Cantor Fitzgerald. The crypto custody sector is witnessing increased interest from traditional financial institutions due to growing demand for secure digital asset storage.