Good clip going through #DOGE bro #MarcAndreessen's absurd lies regarding #debanking and the #CFPB as he attempts to convince #JoeRogan that financial regulation should be abolished.
Good clip going through #DOGE bro #MarcAndreessen's absurd lies regarding #debanking and the #CFPB as he attempts to convince #JoeRogan that financial regulation should be abolished.
"Debanking is suddenly less of concern when the same group that is most equipped to tackle it has proposed consumer protections for crypto customers that could cause Coinbase to have to reimburse some of the $300 million or so stolen from its customers over the past year alone."
#MollyWhite, 2025
https://www.citationneeded.news/crypto-industrys-debanking-smokescreen/
(1/2)
"Indeed, some evidence presented at the hearings did raise legitimate concerns about regulatory overreach, even if it didn't specifically support claims of an anti-crypto agenda."
#MollyWhite, 2025
https://www.citationneeded.news/crypto-industrys-debanking-smokescreen/
another great (and very detailed) resource on the #debanking and "Operation Chokepoint 2.0" conspiracy theories being wielded against the #CFPB and #FDIC from #PatrickMcKenzie (Patio11).
#NathanMcCauley, the broligarch who runs "crypto bank" #AnchorageDigital, asked Patrick to retract the post. He refused.
* original post: https://www.bitsaboutmoney.com/archive/debanking-and-debunking/
* thread about the retraction request: https://x.com/patio11/status/1888973701342785942
* full story about retraction request rejection: https://www.kalzumeus.com/2025/02/10/retraction-request-denied/
Fintech Business Weekly is easily the best outlet covering attacks on #CFPB by crypto creeps like #MarcAndreessen (#a16z) and #BrianArmstrong (#Coinbase). The #debanking and “Operation Chokepoint 2.0” conspiracy theories are being weaponized by these #NerdReich bros to deregulate what is already an incredible fraudulent industry.
https://fintechbusinessweekly.substack.com/p/debankings-dueling-narratives
Marc Andreessen's #a16z has released a wish list for american financial regulations. my comments in parentheses:
1. no more surveillance and #debanking (of fraudsters and terrorists)
2. tokenize stocks (to make the #SEC and all financial regulations obsolete, as well as legalizing #memecoins like #TrumpCoin)
3. create decentralized #stablecoin dollar equivalents (to strip the US govt of its hegemonic currency power)
4. #StrategicBitcoinReserve (to transfer hundreds of billions of taxpayer dollars into the hands of a16z)
5. no taxes on crypto bros
I suspect all of these will be made official policy.
https://a16zcrypto.com/posts/article/us-crypto-capital-policy/
Our nutjob 91 criminal count former president went off the deep end taking about “de-banking,” much to the confusion of most folks. It even made SNL.
As an Econ nerd I knew exactly what he was droning about. Debanking (as far as I know no one calls it that) is what happens to Russian Oligarchs and bad foreign actors. It’s freezing of assets and sanctions.
… Why would a former president be worried about a punishment usually aimed at the worst of humanity?
"Barclays has never once given me a full list of the things it actually wanted or we have failed to provide, and they have never given me a justification for closing our accounts in the first place."
https://www.msn.com/en-gb/money/other/charity-debanked-by-barclays-on-how-it-almost-had-to-close-for-first-time-in-150-years/ar-AA1ljHZ1
#Debanking #Banks #WallStreet #Barclays #Theft
So I see the #FinancialConductAuthority has found 'no evidence' of #debanking linked to political views....
@Frances_Coppola suggested they would conclude 'nothing to see here' & they have.
But, as we know that all sorts of political organisations have had banking services refused, we must assume that this conclusion was only possible by drawing the terms of reference of the enquiry pretty narrowly.
Which unfortunately leaves the problem where it was before #NigelFarage started bleating!
Q. can #NigelFarage (finally) be a cause for good?
If his focus on #debanking is wide & comprehensive in its support for the victims of #banking organisations (too aggressive) application of politically exposed person & other rules intended to constrain financial crime, then yes he can...
However, a self-centred, vain seasoned misleader of people may not be the best champion for this necessary campaign... maybe he'll rise to the occasion, or maybe not.
https://www.theguardian.com/business/2023/jul/30/uk-banks-closing-more-than-1000-accounts-every-day