{"id":396652,"date":"2025-06-28T18:30:18","date_gmt":"2025-06-28T13:00:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/trump-blames-biden-for-banks-blocking-crypto-there-is-a-lot-of-debanking-crypto-news\/"},"modified":"2025-06-28T18:45:32","modified_gmt":"2025-06-28T13:15:32","slug":"trump-blames-biden-for-banks-blocking-crypto-there-is-a-lot-of-debanking-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trump-blames-biden-for-banks-blocking-crypto-there-is-a-lot-of-debanking-crypto-news\/","title":{"rendered":"Trump Blames Biden for Banks Blocking Crypto: &#8216;There Is a Lot of Debanking&#8217; &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">President Trump called the practice of denying banking services to crypto companies and conservatives &#8220;very bad and very dangerous.&#8221;<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Trump said that banking regulators, not banks themselves, drive debanking through intimidation and control.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The White House is reportedly considering an executive order to prevent regulators from targeting specific groups.<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">President Donald Trump said Friday that debanking of crypto companies is a \u201cvery bad and very dangerous\u201d practice that was likely instigated by the Biden administration, but still remains a problem in the United States.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">\u201cThere is a lot of debanking,\u201d Trump said in the Oval Office this evening, in response to a question from <i>Decrypt<\/i>. \u201cThose people are very bad and very dangerous, and they shouldn&#8217;t be doing it.\u201d<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">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 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/293947\/operation-chokepoint-2-0-crypto-founders-silenced-by-secret-debanking\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">routinely denied<\/a> standard banking services. Conservative public figures, including the president and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/322525\/president-trumps-sons-victory-lap-fathers-behalf-at-btc-2025\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">his family<\/a>, have made similar claims.<\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8NEW: I just asked President Trump in the Oval Office whether he&#8217;s planning on signing an executive order targeting debanking, which crypto leaders and the Trumps alike say negatively impacted them during the Biden admin.<\/p>\n<p>Trump put the blame for such &#8220;nasty&#8221; behavior on\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/OhPq3Ug1Lf\" data-wpel-link=\"internal\">pic.twitter.com\/OhPq3Ug1Lf<\/a><\/p>\n<p>\u2014 Sander Lutz (@s_lutz95) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/s_lutz95\/status\/1938707018803769479?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">June 27, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">\u201cI can tell you, because I&#8217;ve been a victim myself because of my politics, that big banks were very nasty to us,\u201d Trump said Friday of his experience during former President Joe Biden\u2019s White House tenure. \u201cAnd I actually think it was Biden&#8217;s people that told him to be\u2014because the one group of people the banks are afraid of are the regulators.\u201d<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">President Trump elaborated that he does not blame big banks themselves for participating in such practices, but rather the federal agencies overseeing the industry.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">\u201cI&#8217;ve seen the biggest banker, I can tell you\u2014you see him on television all the time. If a regulator walked into the room, he gets all nervous and crazy,\u201d Trump said. \u201cThe regulators control the banks. It&#8217;s not the president of the bank. The president of the bank is far less important to a bank than a regulator, and a regulator can put that bank out of business.\u201d<\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/myriad.markets\/embed\/market\/where-will-btc-dominance-hit-next-70-or-58\" width=\"100%\" height=\"415px\"><span style=\"display:inline-block;width:0px;overflow:hidden;line-height:0\" data-mce-type=\"bookmark\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i>Decrypt<\/i> asked Trump on Friday whether he intends to sign an executive order targeting debanking. Such an order could potentially instruct federal bank regulators, including the Federal Reserve, explicitly not to deny services to certain groups or individuals. The Trump administration planned to sign such an executive order back in March, <i>Decrypt<\/i> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/309392\/trump-executive-order-end-biden-crypto-debanking-operation-chokepoint\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">previously reported<\/a>. But those plans were soon after shelved, at least temporarily, multiple sources familiar with the matter said.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The proposal may now be back in action. As of this week, White House officials are considering issuing a debanking-focused executive order, according to a report in the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/banking\/big-banks-worried-about-being-trumps-next-target-race-to-appease-republicans-15b6423a?gaa_at=eafs&#038;gaa_n=ASWzDAiONdPhe_TNy1tNvyMk_DCEjh0guCuCR7uY4c0dv5_X3La7z9bB-qXvagjKjHM%3D&#038;gaa_ts=685ee506&#038;gaa_sig=5eadTWS3XIg7Tngwm7dYrosegfSWHJtGWK4eT5xg9qdzi8gTrgWnMlxzq2zFhbq3xXJSJa1NNu5BGCjymjnySg%3D%3D\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><i>Wall Street Journal<\/i><\/a>.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">On Friday, when asked about such plans, the president did not confirm their existence. But he did say that the problem of debanking persists in the United States, even since his return to power.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Since Trump\u2019s inauguration, federal banking agencies under his control have released documents appearing to confirm the existence of previous directives from the same regulators <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/304559\/fdic-operation-chokepoint-crypto-documents\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">discouraging<\/a> member banks from offering crypto services.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Direct evidence has not yet been published, however, that shows such agencies instructing member banks to refuse standard services to individuals who worked in the crypto industry.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i>Edited by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/author\/andrew-hayward\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">Andrew Hayward<\/a><\/i><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief President Trump called the practice of denying banking services to crypto companies and conservatives &#8220;very bad and very dangerous.&#8221; Trump said that banking regulators, not banks themselves, drive debanking through intimidation and control. The White House is reportedly considering an executive order to prevent regulators from targeting specific groups. President Donald Trump said [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":396653,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-396652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/396652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=396652"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/396652\/revisions"}],"predecessor-version":[{"id":396654,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/396652\/revisions\/396654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/396653"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=396652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=396652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=396652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}