President Donald Trump said Friday that debanking of crypto companies is a “very bad and very dangerous” practice that was likely instigated by the Biden administration, but still remains a problem in the United States.

“There is a lot of debanking,” Trump said in the Oval Office this evening, in response to a question from Decrypt. “Those people are very bad and very dangerous, and they shouldn’t be doing it.”

Debanking refers to the alleged practice of banks denying customers services based on their affiliation with industries like crypto, or their political beliefs. Crypto industry leaders have long argued that during the Biden years, they were routinely denied standard banking services. Conservative public figures, including the president and Go to Source to See Full Article
Author: Sander Lutz

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