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From Crypto Grievance to Federal Finding

From Crypto Grievance to Federal Finding

The OCC found major banks restricted lawful businesses, including crypto firms, through subjective reputation policies, fueling calls for reform. | Credit: CCN.com
The OCC found major banks restricted lawful businesses, including crypto firms, through subjective reputation policies, fueling calls for reform. | Credit: CCN.com

Key Takeaways

  • The OCC found subjective reputation policies across nine major banks that disadvantaged lawful businesses and customers.

  • Digital assets were among the six industry categories facing banking restrictions.

  • The findings support complaints about crypto debanking but do not prove a coordinated government campaign.

Crypto’s complaints about exclusion from the banking system have gained federal backing. The Office of the Comptroller of the Currency released findings showing that major banks used subjective…

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