Crypto firms, especially smaller ones, are facing challenges with debanking, but there are ways to navigate this. Mauricio di Bartolomeo, co-founder of Ledn, suggests that startups can maintain regulatory compliance by seeking affordable legal counsel and considering international banking options. Cutting corners on compliance, like AML or KYC, can lead to debanking.
Operation Chokepoint 2.0 has been criticized for targeting tech and crypto firms. Marc Andreessen highlighted this issue, noting over 30 tech founders were debanked. The FDIC has been accused of pressuring banks to halt crypto activities, with some claiming this led to the closure of Silvergate Bank.