Trump Blames Biden Administration for Banks Blocking Crypto, Citing "Debanking" Concerns

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President Donald Trump has publicly blamed the Biden administration for what he describes as widespread "debanking" practices, particularly affecting the cryptocurrency industry and conservatives. Trump asserts that federal regulators, rather than the banks themselves, are coercing financial institutions into denying services to certain groups, a practice he deems "very bad and very dangerous." This issue gained prominence during his recent appearance at the World Economic Forum in Davos.

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