Trump Blames Biden for Banks Blocking Crypto: 'There Is a Lot of Debanking'
President Donald Trump criticized the practice of debanking, which involves banks denying services to customers based on their association with the crypto industry or political beliefs. He attributed this issue to the Biden administration, claiming it has negatively impacted many, including himself. Trump stated that while he does not blame the banks directly, he holds federal regulators responsible for creating a climate of fear among banks regarding compliance. He mentioned that there are discussions about potentially issuing an executive order to address debanking practices, although he did not confirm any specific plans. Federal banking agencies have previously released documents indicating discouragement of crypto services, but no direct evidence has been found showing instructions to deny services to individuals in the crypto sector.
