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According to The Block, the Federal Reserve recently announced a proposal to permanently remove the consideration of reputational risk factors from the banking regulatory framework, and has opened a 60-day public comment period.The proposal aims to ensure that banking regulatory decisions are based solely on substantive financial risks, preventing banks from refusing services due to customers' political views, religious beliefs, or involvement in legal but sensitive industries.Federal Reserve Vice Chair Michelle W. Bowman stated that there have been multiple cases of de-banking, and such discriminatory practices should not exist within the Federal Reserve's regulatory framework. Senator Cynthia Lummis welcomed the proposal, stating that this move will help the U.S. become a global hub for digital assets.

According to Cointelegraph, the preliminary investigation results from the Office of the Comptroller of the Currency (OCC) show that the nine largest banks in the United States imposed restrictions on financial services for politically sensitive industries, including cryptocurrencies, between 2020 and 2023.The OCC stated that these banks made improper distinctions based on the legitimate business activities of their clients, either implementing policies that restrict access to banking services or requiring enhanced scrutiny and approval before providing financial services. The restricted industries, in addition to cryptocurrencies, include oil and gas exploration, coal mining, firearms, private prisons, tobacco and e-cigarette manufacturers, and the adult entertainment industry.For the cryptocurrency industry, the banks' restrictions involve issuers, exchanges, or managers, often attributed to concerns about financial crimes. The banks under scrutiny include JPMorgan Chase, Bank of America, Citibank, Wells Fargo, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCC stated that it will continue its investigation and may submit the findings to the Department of Justice.

According to CoinDesk, U.S. President Trump has initiated action against the de-banking measures implemented by the U.S. regarding controversial industries such as digital assets, prompting the Office of the Comptroller of the Currency (OCC) to release a new report. The report further confirms past practices and warns that banks involved may face penalties.This brief report from the OCC reviewed the nine largest national banks in the U.S., concluding that these banks have established both public and non-public policies that restrict certain industries from accessing banking services, including requiring enhanced reviews and approvals before providing financial services. The report states that some large banks have set higher entry barriers for controversial or environmentally sensitive businesses, or activities that contradict the banks' own values. Financial giants such as JPMorgan Chase, Bank of America, and Citigroup are specifically mentioned, along with links to their past public policies, particularly regarding environmental issues.The report states: "The Office of the Comptroller of the Currency intends to hold these banks accountable for any illegal de-banking activities, including referring relevant cases to the Attorney General." However, it remains unclear which specific laws these activities may have violated.

According to Theblock, Strike's CEO Jack Mallers stated that JPMorgan closed his account without warning, citing concerning activity in his account. Reports indicate that Mallers' experience has raised questions in the market about whether the so-called "Biden-era crackdown 2" is still in effect. This once again highlights the issue of de-banking faced by the cryptocurrency industry, as traditional financial institutions may still be continuing their restrictive measures against cryptocurrency-related businesses.

ChainCatcher news, BitMEX co-founder Arthur Hayes commented: "Imagine if Tether didn't have to rely on those terrible traditional banks to exist. The Federal Reserve is rapidly destroying the U.S. commercial banking system------this is Trump's revenge for his family's de-banking."

ChainCatcher news, according to Jinshi reports, Federal Reserve's Musalem stated that the Office of the Comptroller of the Currency is expected to regulate non-bank stablecoin issuers.

ChainCatcher message, the Shanxi Province Prevention and Crackdown on Illegal Fundraising WeChat official account issued a warning about the risks of engaging in illegal financial activities under the guise of investing in "RWA" and other names. It pointed out that if any clues are found regarding suspected illegal financial activities under the pretext of investing in "RWA," "stablecoins," etc., please report them in a timely manner, or report to the leading department of the local city or county's mechanism for preventing and cracking down on illegal financial activities or the public security department. If you have unfortunately been deceived, please immediately stop investing any funds, retain evidence such as chat records, transfer vouchers, contracts, etc., and report to the local public security agency for professional assistance.

ChainCatcher news, according to CoinDesk, Jonathan Gould, the head of the Office of the Comptroller of the Currency, stated at a policy and regulatory event in Washington, D.C. that the de-banking of the crypto industry is a real phenomenon.He mentioned that he has been busy addressing the de-banking issue since taking office, revoking "imposed anti-cryptocurrency licensing conditions," and working on new stablecoin regulations.

ChainCatcher News, the Office of the Comptroller of the Currency (OCC) announced on Monday that it will take measures to eliminate the so-called "de-banking" phenomenon, in response to calls from industry groups and Republicans to end this practice seen as unfair.OCC head Jonathan Gould stated, "The OCC is taking steps to terminate the weaponization of the financial system," and added that the agency will be committed to eradicating activities where banks illegally discriminate against customers based on political or religious beliefs.

ChainCatcher news, according to News1, the South Korean National Planning and Coordination Committee is considering granting a consortium of banks and non-bank institutions the right to issue a won stablecoin, with relevant regulation and licensing to be overseen by the Financial Stability Agreement Council.This initiative aims to combine the stability of banks with the innovation of fintech companies, and the related bill is expected to be promoted by the Financial Services Commission in October.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman stated that if more cases arise, the Federal Reserve will take measures to address the issue of de-banking.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman stated that de-banking is an issue in the financial system and may impact overall financial stability.

ChainCatcher news, according to Decrypt, Coinbase Chief Legal Officer Paul Grewal disclosed that a motion has been filed in federal court, accusing the Federal Deposit Insurance Corporation (FDIC) of systematically obstructing the disclosure of documents related to "Operation Chokepoint 2.0."Court documents show that after being ordered to comply four times, the FDIC still refused to fully submit the "cease and desist letters" requiring banks to suspend cryptocurrency-related transactions from 2020 to 2024.Internal policy documents confirm that the FDIC instructed employees to "withhold all documents" covered by the exemption under Section 8 of the Freedom of Information Act, without distinguishing between factual content and analytical materials. Coinbase accuses the agency of using an "extremely narrow interpretation," only searching for documents submitted to the Office of the Inspector General, resulting in the omission of numerous key records.During the January hearing, the FDIC admitted it had not established a record-keeping system for FOIA litigation. This legal battle has forced the FDIC to disclose hundreds of pages of documents, showing that banks "generally faced resistance" when engaging in cryptocurrency business. As the Trump administration pushed for crypto-friendly policies, Coinbase stated that investigating these "historical misconducts" is to ensure they do not happen again.

ChainCatcher news, according to Cointelegraph, Donald Trump Jr. recently stated in an interview, "We have been 'de-banked', which is why we entered the cryptocurrency space."

ChainCatcher news, according to Bloomberg, the crypto lending institution Genesis Global Capital has sued its parent company Digital Currency Group (DCG) to recover over $1 billion in fund transfers made within a year prior to filing for bankruptcy.Genesis filed the lawsuit on Monday in the U.S. Bankruptcy Court for the Southern District of New York, claiming that insiders, including DCG, DCG founder Barry Silbert, and their affiliates, transferred funds among themselves while the company was insolvent.The company seeks to have these transfers classified as "preferential payments" under bankruptcy law, allowing them to reverse and recover the related amounts. These cryptocurrency payments are valued at over $582 million, while the total amount of preferential transfers exceeds $1.2 billion.

ChainCatcher message, according to the perspective of blockchain regulatory advisors, the pressure for the de-banking of cryptocurrencies may continue until January 2026, when Trump will have the authority to appoint new Federal Reserve governors. Caitlin Long, founder and CEO of Custodia Bank, pointed out that the Federal Reserve is still controlled by the Democrats and is currently reviewing two pro-crypto banks, with a large number of examiners having entered these banks, putting pressure on their operations.Furthermore, although the U.S. OCC and FDIC may overturn previous anti-crypto policies, the Federal Reserve's stance remains unchanged, and the crypto industry may still face regulatory resistance in the future.

ChainCatcher news, the Australian government plans to release a draft of cryptocurrency regulatory regulations in 2025 and has committed to working with the four major banks to address the issue of de-banking. The new framework will impose compliance requirements of existing financial services laws on cryptocurrency exchanges, custodial services, and more, including customer asset protection, financial services licenses, and minimum capital requirements.In addition, the government will review central bank digital currencies and launch an enhanced regulatory sandbox in 2025 to support businesses in testing new financial products without a license. The Albanese government also stated that it will focus on the intersection of cryptocurrency and de-banking issues to ensure Australia maintains its competitive edge globally.

ChainCatcher news, according to Decrypt, the government led by Australian Prime Minister Anthony Albanese has proposed a new regulatory framework for digital assets, aimed at enhancing industry certainty, strengthening consumer protection, and ensuring market integrity. The reforms require major crypto platforms to apply for an Australian financial services license, while small non-financial service businesses may be exempt.The policy document released by the Australian Treasury, titled "Developing an Innovative Australian Digital Asset Industry," states that the new regulations will cover exchanges, custodians, specific brokerage platforms, and stablecoin issuers, enhancing consistency with international standards and boosting the global competitiveness of the industry. Companies involved in the development of digital assets for non-financial purposes, software development, and infrastructure maintenance are not within the regulatory scope.The government is also paying attention to the trend of "de-banking" among financial institutions, stating that the new licensing mechanism is expected to improve risk management and transparency, reduce banks' service restrictions on the crypto industry, and is in communication with major banks regarding response measures.

ChainCatcher news, according to The Block, the Office of the Comptroller of the Currency (OCC) has announced that it has stopped conducting reputation risk reviews for national banks and financial institutions. Previously, the cryptocurrency industry had strongly criticized being excluded from the financial system. OCC Acting Comptroller Rodney E. Hood stated that institutional reviews should focus on "appropriate risk management processes" rather than subjective judgments. The OCC will also remove reputation risk content from its manuals and guidelines, but emphasized that this does not affect its fundamental requirements for bank risk management.Previous news, the Office of the Comptroller of the Currency stated that banks have the right to engage in certain cryptocurrency activities.

ChainCatcher news, according to Bloomberg, European Central Bank Governing Council member Francois Villeroy de Galhau stated that the U.S. support for cryptocurrencies and non-bank finance could potentially trigger the next financial emergency.In an interview with the French weekly "Le Journal du Dimanche," he said: "The U.S. could commit a crime out of negligence. Financial crises often originate in the U.S. and spread to other parts of the world.By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe is more secure and stated that there is no risk of a banking crisis occurring in the EU.