Peaked at #6 Off the board
OCC report on banks denying crypto firms
An OCC report says big US banks denied lawful businesses banking on political grounds from 2020-2025, naming digital assets among the six most affected.
Original post
bombshell report from the OCC out today confirming what we all suspected:
between 2020 and 2025, based on a review of 100,000 complaints, America’s largest banks systematically denied banking to lawful businesses based on political and reputational considerations rather than objective financial risk, effectively appointing themselves arbiters of which industries deserved access to the financial system. digital assets was specifically named as one of the six most affected industries.
TLDR: we weren't imagining it. OCP2.0 was real.
Top replies on X
Sign in to see 2 top replies from X
From @nic_carter, @smailliwnoremac and others. Spam removed, with English and Chinese translations.
Discussion 0
Sign up Sign in to join the discussion
No comments yet. Start the conversation.