The Office of the Comptroller of the Currency (OCC), the US banking regulator, released a 47-page report on Wednesday revealing that certain banks had both public and internal policies restricting services across many industries, including digital assets. However, the review of nine major banks failed to quantify the full extent of debanking or provide specific examples related to crypto activities. This report follows an executive order signed in August 2025 by President Donald Trump aimed at preventing what he called unlawful debanking. In November 2024, more than 30 tech and crypto executives claimed they had been denied access to banking services, dubbing the practice Operation Chokepoint 2.0. OCC Director Jonathan Gould stated that debanking decisions were not based on financial risk but on reputational concerns.
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