The U.S. Office of the Comptroller of the Currency (OCC) released a 47-page report confirming that the nation’s nine largest banks engaged in “debanking” crypto businesses and founders between 2020 and 2025. The report revealed that regulators reviewed 100,000 related complaints and found that banks including JPMorgan Chase, Bank of America, and Citibank restricted accounts based on political views and reputational concerns rather than objective financial risks. The crypto industry was one of six sectors affected. OCC Comptroller Jonathan Gould said the agency is working to end “politicized debanking,” and that access to banking should be based on financial risk, not political views. Nic Carter, founder of crypto venture capital firm Castle Island, said the report confirms that “Chokepoint 2.0” really exists, while Bitwise Chief Investment Officer Matt Hougan called it “shameful and dangerous.”

(Source: AMBCrypto)

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