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

Anchorage Digital CEO Nathan McCauley revealed in a CNBC interview that his company had its bank account abruptly closed with no explanation after a two-year relationship with the bank, a situation shared by others in the crypto industry under the Biden administration’s alleged “Operation Choke Point 2.0.” President Trump has politicized the issue, accusing major banks of debanking conservatives without evidence, leading Sen. Rick Scott to investigate and express concern over financial institutions cutting off services to digital asset firms and political figures.

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