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In a memo circulated by the Senate Banking Committee Wednesday, staff listed several options for either increasing revenues or cutting spending.

Tim Scott preps ‘debanking’ hearing

The Senate Banking Committee is organizing a hearing to examine "debanking" in the U.S. financial system, according to two people familiar with the planning.

This is a hot-button issue for the crypto industry, and the topic’s priority for the panel is a clear signal of what's to come for the 119th Congress. The hearing is in the early planning stages and subject to change, people said.

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