De-banking, the practice of banks closing or denying accounts to certain businesses, including those in the cryptocurrency industry, remains a significant issue. This is often attributed to a continuation of "Chokepoint" policies, which refers to regulatory pressure on #banks to avoid industries deemed high-risk for fraud or money laundering. The latest news on this issue indicates a shift in policy
#crypto debanking is like a persistent headwind for the cryptocurrency industry, and banks' adherence to "Chokepoint" policies has made it tough for crypto companies to set sail in traditional finance.
Recent developments, however, suggest a changing tide. New U.S. government directives are pushing federal regulators to investigate unfair banking practices and remove "reputational risk" as a key factor for oversight. This shift is a crucial moment for leading cryptocurrencies like $BTC , $ETH & $XRP . If successful, it could turn the headwind into a tailwind, allowing these digital assets to integrate more smoothly into the broader #financial system. This increased access and regulatory clarity could clear the way for greater institutional investment, potentially propelling cryptocurrencies into a new era of #Mainstream adoption and stability.
