This follows a surge of complaints from crypto entrepreneurs and tech founders, over 30 of whom were reportedly denied banking services during the Biden administration.

The issue gained national attention after the sudden collapse of three major crypto-friendly banks—Silicon Valley Bank, Silvergate, and Signature—in early 2023. Their rapid downfall fueled speculation that government pressure had played a role, with crypto investor Nic Carter calling it a "coordinated effort" to dismantle the digital asset ecosystem through financial exclusion.