Jonathan Gould testified before the House Financial Services Digital Assets Subcommittee in March 2023, stating that certain regulatory actions could discourage banks from serving crypto clients

Quotes that support claims

In a March 2023 testimony before a House Financial Services Digital Assets Subcommittee hearing on the Biden administration’s approach to crypto, Gould said that regulatory action at the time could be “having a chilling effect” on banks’ ability to engage in crypto activities, dampening their “willingness to entertain or maintain digital asset entities as banking customers.”