UK banks block or delay 40% of crypto exchange transfers: Survey
A new UKCBC report reveals that 40% of crypto exchange transfers in the UK are being blocked or delayed by major banks, raising concerns about debanking and financial freedom.
debanking
Trump sues JPMorgan in Florida court for $5B over debanking claims: Report
Donald Trump sues JPMorgan Chase for $5 billion in a Florida federal court, alleging wrongful debanking following the January 6th Capitol attack.
Trump Makes Good on Threat, Sues JP Morgan for $5 Billion Over Debanking
Former President Donald Trump files a $5 billion lawsuit against JP Morgan, alleging politically motivated debanking. The lawsuit claims the Biden administration pressured banks to sever ties with Trump.
Most US Debanking Stems From Government Pressure, New Report Finds
A Cato Institute report reveals that government pressure is the primary driver of debanking in the United States, particularly affecting the cryptocurrency and financial technology sectors. The report calls for a more transparent and consistent regulatory framework to address the issue.
US government is behind most debanking cases, new research confirms
New research by the Cato Institute confirms that the US government is behind most debanking cases. Analyst Nicholas Anthony argues that the US Congress needs to reform the Bank Secrecy Act, repeal confidentiality laws, and end reputational risk regulation to address debanking.
Fed’s ‘skinny’ accounts end Operation Chokepoint 2.0 — Senator Lummis
The Federal Reserve’s “skinny” accounts will provide crypto companies and fintech startups with access to direct banking services, marking the end of “Operation Chokepoint 2.0” and promoting greater financial inclusion.
OCC Approves Five Crypto Trust Banks as ‘Debanking’ Claims Face Scrutiny
The OCC has conditionally approved five digital asset-oriented companies for national trust bank charters, challenging claims that crypto cannot comply with regulatory standards and complicating the crypto sector’s narrative of being debanked.
Debanking Practices Exposed: Major US Banks Cited for Bias Concerns
Federal regulators expose bias in U.S. banks’ debanking practices, potentially reshaping access to capital and equity in finance.
OCC exposes banks ‘inappropriate’ customer distinctions across multiple sectors
OCC’s findings reveal discriminatory banking practices that may impact crypto relationships with traditional banks.
Crypto Debanking and Efforts to ‘Weaponize Finance’ Must End, Says Top US Banking Regulator
Major U.S. banks deny services to crypto businesses, impacting innovation and growth, according to OCC report.