In brief
- President Trump called the practice of denying banking services to crypto companies and conservatives “very bad and very dangerous.”
- Trump said that banking regulators, not banks themselves, drive debanking through intimidation and control.
- The White House is reportedly considering an executive order to prevent regulators from targeting specific groups.
President Donald Trump said Friday that debanking of crypto companies is a “very bad and very dangerous” practice that was likely instigated by the Biden administration, but still remains a problem in the United States.
“There is a lot of debanking,” Trump said in the Oval Office this evening, in response to a question from Decrypt. “Those people are very bad and very…
Jun 28 2025
