Crypto Debanking Puts Pressure on Congress to Act
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Crypto companies have faced banking access issues for years, leading many in the industry to suspect a coordinated policy effort to restrict digital assets. High-profile figures like Jamie Dimon and Jack Mallers have publicly addressed or experienced debanking, fueling bipartisan concern over the practice.
While the administration of Donald Trump has taken executive action and installed more crypto-friendly regulators, Anthony argues that lasting reform must come from Congress. He calls for changes to the Bank Secrecy Act, an end to reputational risk regulation, and greater transparency — steps he says are necessary to reduce debanking and restore accountability in the financial system.