Stablecoin Debanking Concerns Grow as JPMorgan Faces Scrutiny
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The account freezes have reignited concerns about crypto debanking, particularly as stablecoin adoption accelerates in regions like Venezuela, where digital assets are widely used to hedge against currency collapse.
The move follows other high-profile complaints, including claims by Gemini co-founder Tyler Winklevoss, who accused JPMorgan earlier this year of retaliatory behavior toward crypto firms.
Despite the controversy, JPMorgan is reportedly exploring crypto trading and crypto-backed lending, signaling a complex stance as U.S. regulations turn more favorable.
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JP morgan lately has been hating stables
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Banks like stables until they lose control.
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Debanking proves why stablecoins exist.