WSJ: Trump Administration is Considering Issuing an Executive Order on "Debanking"

BlockBeats News, June 24th. According to WSJ, sources revealed that JPMorgan Chase, Citigroup, and Bank of America responded to allegations of "debanking" during recent meetings with Republican state leaders. Sources said the Trump administration is considering issuing an executive order regarding "debanking."

BlockBeats previously reported that on November 29th, a16z co-founder Marc Andreessen stated during a podcast that over the past 4 years, a total of 30 tech company founders have had their bank accounts secretly debanked by U.S. regulators. Marc Andreessen said that the deprived citizens received no warning or explanation. The affected individuals also had no right to appeal or recourse. This is "pure, silent government power."

The related video has been shared by Musk, Coinbase founder Brian Armstrong, and CZ. Brian Armstrong expressed a desire to uncover the full circumstances of those involved and whether they violated any laws.