CoinTelegraph
The OCC says nine of the largest US banks had policies related to debanking from 2020 through September 2025, with crypto among the industries facing restrictions. The banks named are JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC Bank, TD Bank and BMO Bank.
Why it matters
The finding brings crypto access into a wider discussion about how major financial institutions decide which customers and industries they serve. Banks’ policies can affect whether firms in restricted sectors can obtain or maintain financial services.
Market impact
The OCC’s statement identifies the banks and the period covered, but does not specify in the seed what services were restricted or how the policies were applied. The issue for crypto businesses is whether access to traditional banking remains available as institutions set and review their policies.
Frequently asked questions
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Which banks did the OCC name?
The OCC named JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC Bank, TD Bank and BMO Bank.
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What period did the OCC say the policies covered?
The policies were in place from 2020 through September 2025, according to the OCC.
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Was crypto the only industry facing restrictions?
No. The OCC said crypto was among the industries facing restrictions; the statement described a broader set of debanking policies.
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Why does the finding matter to crypto businesses?
Access to traditional financial services can affect whether crypto businesses can obtain or maintain banking services.
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Does the statement specify which banking services were restricted?
The statement as described identifies the banks and period, but does not specify which services were restricted or how the policies were applied.
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