OCC findings challenge historical crypto account restrictions at nine major banks

The Office of the Comptroller of the Currency's Oct. 14 debanking findings reviewed crypto banking decisions across nine largest national banks, including JPMorgan Chase Bank, Bank of America, and Citibank, covering policies from 2020 to September 2025. The agency found that many institutions restricted banking for digital-asset issuers, exchanges, or administrators, often citing financial crime considerations, based on nearly 100,000 complaints and 50,000 documents. Comptroller Jonathan Gould said banks should evaluate customers using objective, risk-based criteria, while BNY announced stablecoin services for institutional clients on June 29, 2026.