OCC report finds debanking efforts tied to crypto activities
Summary
The OCC reported that some banks used policies restricting services for industries including digital assets, with limits on crypto issuers, exchanges and administrators often justified by financial-crime concerns. The report followed a 2025 executive order targeting alleged unlawful debanking and reviewed nine major banks, but provided no specific digital-asset cases and said it could not comprehensively measure the scale of debanking. OCC head Jonathan Gould highlighted restrictions tied to coal and firearms, which banks attributed to reputational concerns rather than financial risk.
