From Cointelegraph
March 22, 2025 05:41:00 AM:

Despite recent positive legislation in the US, the cryptocurrency industry still faces debanking issues, with critics likening it to Operation Chokepoint 2.0. Even with pro-crypto decisions from President Trump, banks remain under scrutiny. Custodia Bank CEO Caitlin Long warns of ongoing challenges due to regulatory uncertainties and potential conflicts between government agencies.

The debanking crisis extends to Europe, where Anastasija Plotnikova, CEO of Fideum, highlights operational challenges facing crypto firms. Despite some improvements in 2024, debanking remains a major issue for both small and large companies. Plotnikova emphasizes the ongoing struggles faced by users and firms in the EU, underscoring the industry-wide impact of debanking.

In a surprising move, the US Office of the Comptroller of the Currency (OCC) relaxed its stance on crypto banking shortly after President Trump vowed to end Operation Chokepoint 2.0. This shift came during the White House Crypto Summit, where Trump announced the end of the crackdown on crypto firms’ access to banking services. The OCC’s updated guidelines signal a potential shift in regulatory attitudes towards the industry.

Read more at Cointelegraph: Crypto debanking is not over until Jan 2026: Caitlin Long