Storm, who might still face a retrial on the Tornado Cash case, rebuked statements from Lead Bank CEO Jackie Reses, who referred to debanking as a “crock of shit.” He affirmed that the phenomenon was real and that he had experienced it multiple times after having his accounts subpoenaed by the DOJ. Tornado Cash Roman […]
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Federal regulators intensify scrutiny of payment giants, signaling potential enforcement over account restrictions that may conflict with consumer expectations and disclosed policies, raising stakes for Paypal, Stripe, Visa, and Mastercard. US Debanking Fight Ignites as FTC Targets Visa, Mastercard, Paypal, and Stripe Practices Access to financial services has become a focal policy concern as federal […]
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President Donald Trump says he plans to sue JPMorgan Chase within weeks, accusing the banking giant of improperly cutting off his accounts after the Jan. 6, 2021, Capitol events. Trump Signals Legal Showdown With JPMorgan Over ‘Debanking’ Trump made the announcement on Jan. 17, 2026, stating that the bank “incorrectly and inappropriately debanked” him following […]
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The House Oversight Committee is investigating claims that banks are shutting out crypto firms and individuals, citing political bias and regulatory overreach as key concerns. House Committee Investigates Whether Banks Are Quietly Crushing Crypto Firms The House Committee on Oversight and Government Reform announced on Jan. 24 that it is investigating the debanking of individuals […]
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“You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately,” Lummis wrote.
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The comments were part of a speech on Friday titled “Charting a New Course.” Did the FDIC Just Confess to Crypto Debanking? Federal Depositary Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a speech on Friday condemning the agency’s “Choke Point-like tactics” and urging the organization to take “a new approach to digital assets.” Hill’s […]
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Barr has served as the Fed’s vice chair for supervision since July 2022 and was widely regarded as one of the chief architects of Operation Choke Point 2.0, an alleged government effort to undermine the crypto industry. Fed Board Member Michael Barr Steps Down From Supervision Role Michael Barr, Federal Reserve Board governor and vice […]
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Coinbase’s Chief Legal Officer issued a rallying cry to the industry, demanding answers after the survey results were published. Operation Chokepoint 2.0 Targets Crypto Hedge Funds Three quarters of 160 crypto hedge funds polled, reported difficulty accessing banking services according to a recent survey – and Coinbase is not very happy about it. The survey […]
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Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
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Crypto founders have reported losing business accounts, with personal accounts also subject to debanking.
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