THE OCC NAMES NINE BANKS WHOSE POLICIES RESTRICTED DIGITAL ASSET BUSINESSES — JPMORGAN AND BANK OF AMERICA AMONG THEM — NO FINES ANNOUNCED, NO CRYPTO FIRM NAMED

The Office of the Comptroller of the Currency released its debanking report on October 14, 2026. It names nine of the largest national banks it supervises: JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC, TD Bank and BMO. The OCC says their policies from 2020 through September 2025 restricted service to certain industries, and digital asset businesses are on the list, next to oil and gas, firearms and tobacco.

The report’s line on our industry is short. “Many institutions also placed restrictions on banking digital asset activities,” it says, as quoted by Cointelegraph, and it often ties those limits to financial crime concerns. It doesn’t name a single crypto company that lost an account, and it doesn’t count how many did. Comptroller Jonathan Gould put some of the decisions down to reputation, not financial risk.

Then nothing happens to anyone. Reuters, as cited by Crypto Times, reports the OCC didn’t impose fines or other penalties. The agency says it will look at further changes to how it supervises big banks, and it had already taken reputation risk out of bank exams. The CFPB opened its own review of the same nine banks.

Five-plus years of restricted access, then a report and no bill. That’s what permission looks like when the agency that supervises the banks is also the one grading whether they treated you fairly. A bitcoin in your own wallet never needed any of the nine to say yes. At the time of this writing, bitcoin was $81,719.