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Government Pressure Behind Majority of US Debanking Cases: Report
Government Pressure Behind Majority of US Debanking Cases: Report
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BTCCSquare news:
A Cato Institute report reveals that government pressure, not internal bank policies, drives most debanking cases in the US. Analyst Nicholas Anthony identifies three types of debanking—political, operational, and government-led—with the latter dominating public cases. Crypto firms have reported unexplained account closures, raising industry concerns.
JPMorgan CEO Jamie Dimon denies political or religious motivations for account closures, but the report suggests regulatory influence often plays a decisive role. The findings highlight tensions between financial institutions and policymakers, particularly in the digital assets sector.
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