OCC report finds top nine US banks debanked crypto firms and customers over beliefs
A review by the Office of the Comptroller of the Currency revealed that all nine of the largest U.S. national banks debanked customers, including digital asset firms, over political views, religious beliefs, or lawful business activities between 2020 and 2025.
A new report from the Treasury Department's Office of the Comptroller of the Currency revealed that all nine of the largest U.S. national banks debanked customers because of their political beliefs, religious views, or lawful business activities between 2020 and 2025.[1][3][4]
According to CoinGape, the regulator's findings followed a supervisory review showing that nine major banks maintained explicit policies discouraging banking services for the cryptocurrency sector between 2020 and September 2025. CoinMarketCap also reported that digital asset firms were among the clients debanked for lawful activities or political beliefs during this timeframe.[2][4]
The practice of debanking has drawn sharp criticism across multiple sectors, according to CBS News. President Trump has claimed that debanking systematically discriminates against conservatives, while cryptocurrency investors have voiced complaints that financial institutions shut down accounts simply because they are uncomfortable serving clients in the digital asset industry.[3]
Key facts
- An OCC report found all nine of the largest U.S. national banks debanked customers over political beliefs or lawful activities between 2020 and 2025.
- The OCC determined that banks dropped customers over their political or religious views, as well as business activities.
- A supervisory review by the OCC revealed that nine major banks held policies discouraging services to the crypto sector between 2020 and September 2025.
- Digital asset firms were among the customers debanked during the five-year period.
- President Trump has alleged debanking discriminates against conservatives for their viewpoints.
- Cryptocurrency investors have claimed their accounts were closed due to banks feeling uncomfortable working with crypto industry clients.
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CBS News@CBSNewsPost on X 路
Top U.S. banks have "debanked" customers because of their political or religious views, as well as their business activities, according to a report from the Office of the Comptroller of the Currency. https://t.co/gLQZv1pw28
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CoinGape@CoinGapeMediaPost on X 路
馃毃 #OCC Confirms Crypto Debanking Policies The OCC found that nine major #banks had policies discouraging crypto-sector #banking services between 2020 and September 2025, following a #supervisory review. 馃敆 Full story in comments
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CBS News@CBSNewsPost on X 路
Top U.S. banks have "debanked" customers because of their political or religious views, as well as their business activities, according to a report from the Treasury Department's Office of the Comptroller of the Currency. The report, released on Wednesday, examines a practice that President Trump has claimed discriminates against conservatives over their views. Debanking has also been highlighted by some cryptocurrency investors, who claim their accounts have been closed because banks are uncomfortable working with crypto industry clients. https://t.co/eYghHSDbrT
Open source - CO
CoinMarketCap@CoinMarketCapPost on X 路
LATEST: 馃嚭馃嚫 A new OCC report says all nine of the largest national banks debanked customers for political beliefs or lawful activities, including digital asset firms, between 2020 and 2025. https://t.co/G1NGGmtElv
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