$BTC #GODDINDataforAI The main arguments against the debanking of crypto founders include:
Regulatory Overreach: Critics argue that the Biden administration's actions represent a misuse of regulatory power, targeting legal businesses without just cause, thereby stifling innovation in a burgeoning industry12.
Financial Exclusion: Debanking practices create significant barriers for crypto entrepreneurs, limiting their access to essential financial services and forcing many to operate inefficiently or relocate abroad12.
Impact on Innovation: The systemic exclusion of crypto founders undermines the decentralized ethos of the industry, potentially driving talent and innovation away from the U.S. and toward more crypto-friendly jurisdictions