Biden moves to open US banks to Cuba's private sector
Fox News
Rep. Carlos Gimenez led a slew of criticism against the Biden administration and specifically the Treasury Department after it adjusted regulations aimed at more freedom for Cuban businesses.
The Treasury's revisions will enable private business owners in the Caribbean nation to establish stateside bank accounts that they can manage from Cuba. These changes will facilitate the processing of transactions between the two countries via the U.S. financial system. Charles Creitz is a reporter for Fox News Digital.
Rep. Carlos Gimenez, R-Fla., who was born in Havana, called the changes ill-advised and claimed any supposed free enterprise in a totalitarian system means slackening regulations which only help the regime. He joined Fox News in 2013 as a writer and production assistant.
In an interview with Fox News Digital, Gimenez called the move another step toward wrongheadedly opening up relations with the Cuban dictatorship, citing 60-plus years of "suppressing and oppressing its people." Charles covers media, politics and culture for Fox News Digital.
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