The United States Department of Homeland Security's El Dorado Task Force, which focuses on anti-money laundering and other financial crimes, launched an investigation into the cryptocurrency company Anchorage Digital Bank, Barron's reported on Monday, citing people with knowledge of the matter.
The sources said that the Homeland Security contacted former Anchorage employees to probe the company’s practices and policies, without disclosing further details.
The reported investigation comes as Anchorage underscores its status as a regulated bank to regulators and politicians in the US, and bolsters its relationships with Trump administration officials, who could pull back on cryptocurrency regulations
