Cryptocurrency-focused venture capital firm Digital Currency Group is said to be looking for new banking partners for its portfolio companies, in the aftermath of back-to-back failures in the U.S. banking space. Santander ( SAN ), HSBC ( HSBC ), Deutsche Bank ( DB ), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still willing to connect with crypto firms, CoinDesk reported citing a memo. DCG is the parent company of CoinDesk. DCG also reached out to BlackRock ( BK ), JPMorgan ( JPM ) and Bank of America ( BA ). Banks may restrict certain services for crypto companies, like brokerage and money market services, according to the memo. They could also place restrictions on bank accounts of crypto firms based on their crypto exposure. DCG also reached out to international banks including Revolut in the U.K. and Bank Leumi in Israel. A DCG representative is scheduled to meet with Senate Banking Committee staff on Wednesday regarding the fallout from Silicon Valley Bank ( SIVB ), Signature Bank ( SBNY ) and Silvergate ( SI ), according to the memo . Earlier, DCG's crypto lending unit Genesis filed for bankruptcy protection .
Why is Bitcoin Cash Price up Today?
