See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Volodymyr Zelenskyy
Ukraine War
Donald Trump
Basketball
Artificial Intelligence
Champions League
Senate
Layoffs
Vladimir Putin
Elon Musk
Baseball
Latin America
Published • loading... • Updated

Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)

  • Crypto industry leaders, including Nathan McCauley, claim they are facing debanking practices under the Biden administration, which they call 'Operation Choke Point 2.0'.
  • Donald Trump asserts that banks like JPMorgan Chase and Bank of America debank conservative-aligned clients under regulatory pressure, although banks deny these claims.
  • McCauley testified that Anchorage Digital had to lay off 20% of its workforce after losing banking services, affecting smaller startups severely.
  • The crypto industry, backed by Republican politicians, aims to combat these alleged debanking efforts through political influence and financial contributions.
Insights by Ground AI
Does this summary seem wrong?

5 Articles

All
Left
Center
2
Right
BenzingaBenzinga

Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)

Crypto industry leaders are intensifying their fight against alleged debanking practices, which they claim have targeted digital asset firms under the Biden administration. At a recent Senate hearing, executives, including Nathan McCauley, CEO of Anchorage Digital, testified about their struggles. McCauley shared with CNBC in an interview how his company, after years of banking relationships, suddenly had its account cut off with no warning or e…

·New York, United States
Read Full Article
CNBCCNBC

Crypto and Trump gang up on FDIC over debanking: 'Our story is pretty ridiculous'

After years of struggles with the Biden administration, crypto executives have allies across Washington, and now have a platform to voice their complaints.

·United States
Read Full Article
Busines and Oil NewsBusines and Oil News

Crypto and Trump gang up on FDIC over debanking: ‘Our story is pretty ridiculous’ – DG Verifications & Stats

A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023.Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty ridiculous,” McCauley told CNBC in an interview after testifying at a Senate hearing, titled, “Investigating the Real Im…

Read Full Article
Verve timesVerve times

Crypto, Trump, GOP leadershipo gang up on FDIC over debanking

A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023. Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty ridiculous,” McCauley told CNBC in an interview after testifying at a Senate hearing, titled, “Investigating the Real …

Read Full Article
India Daily MailIndia Daily Mail

Crypto, Trump, GOP leadershipo be part of forces towards FDIC over debanking

A United States Postal Service worker outdoors a Signature Bank department within the Brooklyn district of New York, United States, on Wednesday, March 15, 2023. Angus Mordant|Bloomberg|Getty Images Anchorage Digital CHIEF EXECUTIVE OFFICER Nathan McCauley wishes everyone to acknowledge what happened to his crypto agency in 2023 all through the Biden administration. “Our story is pretty ridiculous,” McCauley knowledgeable CNBC in a gathering af…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CNBC broke the news in United States on Saturday, February 15, 2025.
Sources are mostly out of (0)

Similar News Topics

Donald Trump

Donald Trump

Cryptocurrency

Cryptocurrency

SEC

SEC

Signature Bank

Signature Bank

JP Morgan

JP Morgan

US Postal Service

US Postal Service

Republican Party

Republican Party

News
For You
Search
BlindspotLocal