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But we saved everything 🙂.
Financial expert Caitlin Long discusses the challenging situation faced by banks forced to 'debank' lawful companies due to federal regulatory pressure.
In her recent tweet, Long emphasizes that while many banks succumbed to this pressure, a few that resisted such directives are now seeing success. She hints at further developments in this ongoing issue, suggesting that there will be consequences for banks that did not stand up against the pressure.
Long’s commentary arrives amid broader concerns over the sector’s regulatory landscape, which has shaped the prospects of crypto firms seeking to reinstate US bank accounts by 2025—a subject explored in detail through her analysis of crypto bank reinstatements. The ongoing debate similarly recalls her scrutiny of a Federal Reserve program, where she questioned its effectiveness for banks navigating complex compliance demands.