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The financial world is evolving. It wasn’t long ago that major American banks, the traditional powerhouses of currency, hesitated to work with cryptocurrency ventures due to perceived risks. However, the landscape is changing, particularly with Donald Trump back in the political arena. The former president is now influencing “crypto-politics,” extending his reach into even the most conventional financial institutions. The Office of the Comptroller of the Currency (OCC), a key regulator for U.S. banks, has now signaled a shift away from what’s been termed “debanking” of crypto firms. This indicates a significant development: cryptocurrencies are transitioning from being viewed as unwelcome outsiders to being accepted participants in traditional finance.
In brief
- Jonathan Gould has acknowledged the reality of crypto debanking and its gradual dismantling in the U.S.
- The OCC is enacting Executive Order 14331, signed by Trump, to ensure equitable access to banking services.
- The GENIUS Act is streamlining the process for stablecoin issuers to acquire banking charters.
Crypto Debanking: Gould’s Acknowledgement and Trump’s Influence
At a CoinDesk conference in Washington, Jonathan Gould, the head of the OCC, confirmed the existence of crypto company debanking, echoing sentiments previously expressed by Donald Trump. This acknowledgement signifies a potentially pivotal moment for the crypto space, which has experienced a tiered system where exclusion from financial services acted as an impediment to innovation.
Underlying this shift is a deliberate political agenda driven by Donald Trump. His Executive Order 14331, titled “Guaranteeing Fair Banking For All Americans,” mandated the OCC to eliminate discriminatory banking practices based on involvement in crypto activities. The OCC’s official statement reinforces this:
The OCC is committed to ending the misuse of the financial system. Our goal is to eliminate any banking practices that unfairly deny service or discriminate against customers due to their political or religious beliefs, or their participation in lawful business ventures. The OCC will take action to correct such behavior when it is identified.
Jonathan V. Gould – Source: OCC
Currently, the OCC is examining the nine largest banks in the nation to identify instances where accounts may have been closed without valid legal justification. This represents a considerable shift in the American banking sector, where cryptocurrencies are moving from being treated as outcasts to regulated clients.
Balancing Innovation and Prudence: A New Financial Agreement
Jonathan Gould has emphasized that supporting the cryptocurrency sector should not compromise financial stability. He contends that innovation and system security can coexist, provided that strict regulatory frameworks are in place.
Essentially, cryptocurrencies and banking safety can be compatible if governed by clear regulations and vigilant oversight.
Within this framework, the OCC is actively working on multiple initiatives. The regulator has removed vague references to “reputation risk” from banking guidelines. Efforts are also underway to implement the GENIUS Act, which aims to simplify the process for stablecoin issuers to obtain banking licenses.
BSA/AML (Bank Secrecy Act/Anti-Money Laundering) compliance measures, often used to restrict crypto participants, are being reevaluated to prevent their misuse.
This revised climate is attracting interest from institutional investors. By creating a well-defined regulatory framework, the OCC aims to reassure banks and investment firms that have previously been reluctant to participate in the Web3 space. The strategy is straightforward: increased transparency, reduced ambiguity, and greater trust.
Towards Crypto-Friendly Finance: A Key Moment for the United States
This transformation extends beyond symbolic gestures. Industry experts anticipate that this shift will have a tangible impact on market dynamics. Cryptocurrency companies, formerly constrained by banking obstacles, are now receiving official regulatory recognition.
Key Figures to Note:
- The OCC is currently investigating 9 major banks.
- Elon Musk contributed $239 million to support Trump’s pro-crypto campaign.
- The Fairshake PAC has injected $135 million to promote candidates favorable to crypto.
- The Winklevoss twins donated $21 million in BTC in August 2025.
Under Trump’s leadership and with the OCC’s initiatives, the United States is redefining its relationship with cryptocurrencies. The government is not only regulating but actively promoting the technology to financial institutions. The Treasury, through the Federal Reserve, has already eased restrictions on banks involved in crypto. Through relaxed supervision and encouragement, Washington is positioning cryptocurrencies as a central element of its economic future.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.