Until last week, the issue of de-banking remained largely an open secret, something known primarily to insiders like myself. As I work to protect people and entities affected by de-banking both in the U.S. and globally, I have witnessed firsthand the devastating economic and social impact this has had on businesspeople, nonprofit organizations and “politically exposed persons.”

This situation changed as millions of people became familiar with the concept of de-banking after venture capitalist Marc Andreessen appeared on the Joe Rogan podcast. Andreessen discussed the exclusion of politically disfavored individuals and entities from the financial system, focusing specifically on the crypto-assets industry.

His remarks triggered a wave of responses, drawing attention to the broader issue of de-banking in the tech and cryptocurrency sectors. Prominent figures like the Winklevoss brothers, known for their contributions to cryptocurrency exchange development, voiced their frustrations. David Marcus, former leader of Facebook’s Libra/Diem project, commented on how the U.S. Treasury Secretary Janet Yellen allegedly

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Author: Jorge Jraissati