• U.S. lawmaker Tom Emmer accuses President Biden's administration of using market chaos to kill crypto.
• Emmer sent a letter to FDIC Chairman Gruenberg seeking more information on the regulator's actions against crypto-friendly banks.
• Emmer argues that claims that crypto was responsible for Signature Bank's failure were false.
• Emmer highlights a Reuters report that any buyer of Signature bank must give up its crypto business.
• Emmer notes that the Federal Reserve's instant payments settlement system FedNow suggests that it is competing with private entities.

The article presents a negative sentiment towards the Biden administration's actions against crypto and the regulators' moves against crypto-friendly banks. However, it also presents conflicting claims and denials from regulators and former lawmakers.