Based on Crypto.News, major U.S. banks have denied allegations of politically motivated de-banking, stating that account closures are driven by anti-money laundering (AML) compliance and regulatory requirements. The claims, which gained traction in crypto circles, suggest banks are targeting customers for political reasons. However, executives from JPMorgan and Bank of America have publicly dismissed the accusations, emphasizing that decisions are based on risk assessments and legal obligations. Analysts warn that conflating compliance actions with ideological motives could distract the crypto industry from addressing real regulatory and structural challenges.
U.S. Banks Deny Political De-banking Claims, Cite Compliance as Key Factor
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