FX168 Financial News Agency (Asia-Pacific) reported that the institutional crypto bank Anchorage Digital is facing a raid investigation from the Department of Homeland Security (DHS) in the USA. However, its CEO Nathan McCauley denied it on Wednesday (May 14) at the Consensus 2025 conference held in Toronto, emphasizing that the related reports are nonsense. #On-chain rumors#
Barron’s published an article earlier in April stating that the El Dorado task force within the Department of Homeland Security's anti-money laundering and financial crime division is contacting former employees of Anchorage Digital, asking them about the company's practices and policies.
McCauley stated that after the report was published, his company requested lawyers to investigate these accusations and found them to be untrue.
"As it stands now, we are not under investigation," McCauley said. "Some people may say that article is nonsense, and I am glad to clarify that."
(Source: CoinDesk)
Anchorage Digital is widely regarded as one of the most compliant companies in the crypto field.
In December 2024, the company obtained the coveted and highly challenging BitLicense issued by the New York Department of Financial Services (NYDFS), which is one of the most stringent regulatory bodies in the cryptocurrency industry.
It is reported that Anchorage Digital is the only federally chartered bank authorized to provide staking services, where institutions can stake Ethereum and a dozen other assets.
By acquiring Mountain Protocol located in Bermuda, the bank is strengthening its position in the stablecoin sector.
As part of the transition, Mountain Protocol, known for issuing the USDM stablecoin, will begin to phase out its core products.
This move marks a strategic transformation for Anchorage Digital, which is preparing to expand its stablecoin business to meet the growing institutional demand.
McCauley mentioned that this acquisition reflects the company's long-term bet on stablecoins as a foundational layer of crypto finance. "We believe that stablecoins will soon become essential infrastructure for global businesses," he noted.
This acquisition is a continuation of a series of similar initiatives in the cryptocurrency and traditional finance sectors, as major companies prepare for the next stage of digital asset applications.
The acquisition by Anchorage Digital occurred less than a year ago when the company launched a stablecoin rewards program tied to PayPal's PYUSD.
As stablecoins continue to play a central role in institutional finance, Anchorage Digital's latest initiative indicates its commitment to leading this trend.
