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Crypto and Trump gang up on FDIC over debanking: 'Our story is pretty ridiculous'

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Summary
Nutrition label

80% Informative

After years of regulatory challenges, crypto execs now have allies across Washington , D.C. "Debanking" is a term used to pressure banks into severing ties with crypto.

Industry leaders call it " Operation Choke Point 2.0 ," an alleged coordinated effort by regulators during the Biden presidency.

President Donald Trump has coopted the agenda for political gain.

FDIC records show banks were being pressured to avoid crypto clients even in absence of clear laws.

House committee is investigating claims that bank executives and regulators secretly blacklisted crypto firms.

Silvergate Bank and Signature Bank were the leading FDIC -insured banks for crypto-asset businesses.

VR Score

80

Informative language

77

Neutral language

58

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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