Commenting on today’s hearing on debanking by the US Senate Banking Committee, AIMA CEO Jack Inglis said:

“It is encouraging to see the US Senate Banking Committee, under the Trump Administration, finally take seriously the concerns raised by AIMA, and others, regarding the severity of debanking challenges faced by the digital asset industry.”

"AIMA’s research found that the majority of crypto hedge fund managers questioned had suffered issues with accessing or growing banking services for their funds. This pernicious undermining of a growing industry threatens to stifle innovation and undermine the competitiveness of the US digital assets sector.”

The hearing follows AIMA's recent calls for action on banking challenges faced by the crypto industry and the publication of some of the first data illustrating the scale of the problem faced by crypto hedge fund managers.

AIMA research found that in a survey of 160 crypto hedge funds, 75% reported issues with accessing or growing banking services for their funds. At the same time, none of the traditional alternative investment managers surveyed have lost or been denied banking services for their funds or management companies.