BREAKING: Federal regulator just confirmed what we all suspected—America's biggest banks are debanking people for politics and religion.
The Office of the Comptroller of the Currency reviewed 100,000 complaints and found all 9 major banks had policies targeting customers based on political/religious views:
$JPM
$BAC
$C
$WFC
$USB
Capital One
PNC
TD Bank
BMO
Real example: JPMorgan's WePay shut down accounts selling MAGA merch.
This is why crypto exists. Banks shouldn't be moral arbiters. Self-custody is the only answer when TradFi plays politics with your money.
Bullish on decentralization. Bearish on banking cartels.
The Office of the Comptroller of the Currency reviewed 100,000 complaints and found all 9 major banks had policies targeting customers based on political/religious views:
$JPM
$BAC
$C
$WFC
$USB
Capital One
PNC
TD Bank
BMO
Real example: JPMorgan's WePay shut down accounts selling MAGA merch.
This is why crypto exists. Banks shouldn't be moral arbiters. Self-custody is the only answer when TradFi plays politics with your money.
Bullish on decentralization. Bearish on banking cartels.