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Regulation

OCC says big banks debanked crypto as it charters crypto firms

Image: Cryptopolitan

The Office of the Comptroller of the Currency (OCC) said Wednesday that the nine largest U.S. banks restricted services to crypto firms and other lawful businesses between 2020 and September 2025. Meanwhile, the OCC keeps granting crypto firms national bank charters of their own. The Office of the Comptroller of the Currency (OCC) released a report stating that some U.S. banks ran reputation risk policies that lacked clear, risk-based standards and ended up penalizing customers over their beliefs or line of work after reviewing nearly 100,000 complaints and roughly 420,000 pages of documents pulled from JPMorgan Chase, Bank of America…

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