The Debanking Saga: Redefining Financial Access in the Crypto Age Amidst Executive Orders
The Debanking Saga: Redefining Financial Access in the Crypto Age Amidst Executive Orders
This article explores the significant and often controversial phenomenon of 'debanking' within the 21st-century financial sector, specifically its profound impact on the cryptocurrency and Web3 industries. It highlights how various entities, from nascent startups to established regulated exchanges like Kraken, have navigated the challenges posed by this trend, often influenced by executive orders and broader regulatory frameworks that are reshaping the landscape of financial access.
When the annals of 21st-century finance are written, there will be a special chapter (messy, political, and deeply consequential) dedicated to the saga of “debanking.” For much of the last three years, anyone working in crypto, from lean web3 startups to regulated banks and exchanges like Custodia Bank or Kraken, knew very well what it […]
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