Federal Access Expands Amid Crypto “Debanking” Debate

[madmax]

The OCC’s approvals come amid scrutiny of U.S. banks’ past “debanking” practices, which affected crypto and other sectors. While banks imposed heightened reviews driven by reputational concerns, the OCC emphasizes that compliance-focused trust banks now have a path to federal banking access, signaling measured support for institutional crypto operations without offering traditional consumer banking services.

[Abdul Khan]

Expanded federal access could reduce debanking pressure on crypto companies.