According to @iampaulgrewal, there is a pressing need for legislative measures to prevent debanking and to establish clear rules that support the integration of cryptocurrency services within the banking sector. This statement highlights concerns over bureaucratic powers hindering crypto-related financial services, which could impact trading activities and market liquidity if banks are unable to offer these services to their clients.

According to Eleanor Terrett, Mike Ring, CEO of Old Glory Bank, has claimed that regulatory bodies such as the FDIC and SEC coordinated efforts to suppress banks acting as crypto custodians, using directives 'FIL-16-2022' and 'SAB 121' to curb demand for deposit services. This statement highlights potential regulatory risks in the crypto banking sector that traders should monitor closely.