<ul><li>There's a debate in the financial world about 'debanking' amid Trump's return to office, with claims that banks are cutting ties with politically right customers or controversial industries like cryptocurrency.</li><li>Conservatives refer to these actions as 'Operation Choke Point 2.0,' reminiscent of Obama-era efforts to limit banking access for controversial industries.</li><li>The second Trump administration might address this issue, with talks of addressing the harm caused by 'Operation Choke Point 2.0' and resurrecting fair access rules requiring banks to have a financial reason for dropping a client.</li><li>The divide between traditional banks and FinTech and crypto firms can be attributed to outdated regulatory frameworks, strict KYC/AML standards, and heightened fraud risks.</li></ul>

‘Debanking’ Debate Resurfaces Amid Trump’s Return to Office

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