Unchained DEX in the City: How Crypto Exchanges May Be Holding Up the Market Structure Bill
Jan 30, 2026
A deep dive into high-profile legal fights over bank account closures and what they reveal about debanking. An investigation into alleged theft from a government-seized Bitcoin wallet and how seized crypto is custodied. A discussion on whether the U.S. needs a dedicated crypto Fort Knox and how SEC and CFTC coordination could reshape market oversight. A heated recounting of CZ’s dramatic prison anecdotes and accountability debates.
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Debanking Harms Ordinary People
- Banks routinely debank customers to manage AML and reputational risk, and they often cannot disclose reasons.
- Debanking can devastate ordinary people who lose access to essential financial rails.
Consider Regulator Pressure Before Suing
- Recognize that banks often complied with implicit regulator pressure during 'Chokepoint 2.0'.
- Avoid suing banks without considering regulator-driven constraints and FOIA evidence.
Banks As Quasi-Regulators
- Debanking debates conflate elite account closures with the systemic problem of ordinary people losing bank access.
- The core issue is whether banks should act as quasi-regulators with opaque discretion and no appeal process.