
The term 'debanking' has emerged as a significant concern within the banking and cryptocurrency industries. It refers to the process whereby banks close customer accounts that they perceive to pose financial, legal, regulatory, or reputational risks. This practice has sparked controversy, particularly among crypto advocates, who argue that it restricts access to financial services for legitimate businesses. The phrase 'Operation Choke Point' has been invoked in discussions, suggesting a coordinated effort to suppress certain sectors, including cryptocurrency. Some industry figures are calling for investigations into these practices, particularly in light of recent account closures affecting various tokens. The issue has gained traction, with multiple news outlets reporting on the implications of debanking for the crypto industry and the potential need for regulatory scrutiny.
Debanking and the Return of Operation Choke Point - WSJ https://t.co/K6XU9gPi2Q
Despite passing due diligence Coinbase has refused to list $DAG I'm sure multiple tokens have the same story and come January 20th @realDonaldTrump Administration and the new Congress should put an open investigation into the dirty practices of listings End Choke Point 3.0 https://t.co/VySvGgBJEn
What is ‘debanking,’ and why is the crypto industry upset? https://t.co/4Rnw1GKHyQ https://t.co/NZqdOkiGM8

