The Truth About US Account Closures: Government Pressure vs. Bank Autonomy

SignatureVerifier · 2026-01-12T06:40:14+00:00

A study reveals that account closures in the United States are mainly due to direct government orders or indirect pressure on financial institutions, especially affecting cryptocurrency companies. The study suggests amending the Bank Secrecy Act to ease confidentiality provisions and ambiguous regulations, promote financial transparency, and reduce the occurrence of account closures.

SignatureVerifier

2026-01-12 06:40:14

Abstract generation in progress

【Crypto World】A study reveals a harsh reality: the majority of account closures in the US are not initiated by banks themselves, but are driven by government pressure behind the scenes. Analyst Nicholas Anthony pointed out that regulatory agencies, through direct orders or indirect pressure, force financial institutions to cut off customer accounts, with cryptocurrency companies being the most affected.

This is no small matter. When financial institutions are forced to act, entrepreneurs and exchanges are directly stunned. The research team offers a solution: Congress should revise the old rules of the Bank Secrecy Act, eliminate certain confidentiality restrictions, and stop vague regulatory standards based on reputation risk. Only then can the financial system become more transparent, and account closures decrease. In plain terms, it’s about standardizing procedures and preventing compliance from becoming a tool for choking off innovation.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
9
Repost
Share

Comment

0/400

gas_guzzler

· 10h ago

Isn't this just the financial version of "He who seeks to blame others has no excuse"? The banks take the fall while the government hides behind them. A single statement from the government and banks have to shut down accounts—this trick is so old. Talking about reputation risk, isn't it just trying to suffocate crypto? Double standards to the max. Change the bill? Ha, do those Congress folks even listen... It should have been transparent from the start; there's no need to make it so shameful. Why has compliance become a shackle?

View OriginalReply0

ForkItAllDay

· 01-12 13:36

It's all the government's fault; banks are just scapegoats.

View OriginalReply0

WhaleMinion

· 01-12 07:10

Damn, this is financial suppression. The banks take the blame, and the government hides behind the scenes. --- It's the regulators causing trouble again. Exchanges are really too difficult to operate. --- Standardization? Haha, how could the government possibly relinquish power? --- So that's why accounts get frozen. --- Compliance has become a tool for choking, I believe it. It's been like this for a long time. --- Changing laws is no easy task, unless Congress goes crazy. --- No wonder the crypto community is fleeing. Who dares to enter the US?

View OriginalReply0

GameFiCritic

· 01-12 07:09

The government's set of underhanded tactics is truly brilliant... Banks take the blame, crypto companies get targeted, a classic case of passing the buck + covert censorship. This operational approach is as insidious as the marketing tricks used by some scam projects to fleece investors.

View OriginalReply0

MetaverseHobo

· 01-12 06:57

Haha, it's the government's usual routine. We've seen through it long ago. --- Bank: It's not our fault; it's all because of the higher-ups pressuring us. --- Now compliance has truly become a double-edged sword. --- Let's wait and see how Congress amends the bill. Anyway, it's all just bickering. --- Transparency? Dream on. Power will never voluntarily relinquish control. --- So, we still have to manage our assets ourselves. --- Regulatory authorities: We're also forced into this, it's really unfair. --- This time, crypto companies finally found a reason.

View OriginalReply0

FadCatcher

· 01-12 06:55

The government stabbing from behind, banks are just scapegoats --- Same old story, compliance has become a weapon, I've seen enough of it --- No wonder so many exchanges suddenly disappeared, it turns out to be political games --- Change the law? Uh... when has Congress ever said that, just dreaming --- That's why decentralization is the way to go, don't play the game of the financial system --- The story behind account closures is much deeper than it appears, only now being uncovered --- Instead of relying on transparency, it's better to be cautious yourself, don't put all your eggs in one basket

View OriginalReply0

CryptoDouble-O-Seven

· 01-12 06:53

The government's approach is just too ruthless. On the surface, banks are autonomous, but behind the scenes, it's all commands. Our industry is just being played like this. As for account closures, ultimately it's a matter of unchecked power. Changing laws sounds easy, but when has that ever been truly done by the Congress? Banks are forced into a corner, and we become cannon fodder. This cycle must be broken. Vague regulatory standards are like knives; anyone daring to touch the crypto industry will die. It needs to be transparent, or it will always be like this. Isn't this just a disguised industry crackdown? Only the methods are a bit more refined. Compliance has become a catch-all, stuffing everything into it, and banks have instead become conveyor belts.

View OriginalReply0

ZKProofEnthusiast

· 01-12 06:49

Buddy, isn't this the ironclad evidence that the government is choking us? No wonder my friend's exchange account mysteriously disappeared. The government is hiding behind the scenes causing trouble, the banks are taking the blame, and in the end, we are the ones who suffer. If Congress doesn't take action soon, it's really going to get chaotic. Who would dare to touch crypto like this? Compliance? Ha, it's just a cover. This matter needs to be stirred up, or it will always stay the same. Wait, if they really change the laws, we'll be safe? Why do I find that hard to believe? It's obvious they're trying to crush the crypto space completely, and investors are already fleeing. This wave must have someone come out and criticize, or our industry will be finished. I want to know the details of the government's pressure—how exactly are they exerting it? Is it through phone calls or documents? By the way, not many media outlets dare to report on this, they've all been scared away.

View OriginalReply0

TokenomicsTrapper

· 01-12 06:44

lol "regulatory pressure" is just a fancy way of saying govt literally pulling the strings... actually if you read between the lines, this has been the playbook for years. banks were always just the middleman taking heat while feds sit back like it's nothing.

Reply0

Trending Topics
View More
#
GateProofOfReservesReport
25.01K Popularity
#
ChineseMemecoinBoom
27.93K Popularity
#
CPIDataAhead
51.58K Popularity
#
SOLPriceAnalysis
17.58K Popularity
#
GateSquareCreatorNewYearIncentives
104.32K Popularity

Hot Gate Fun
View More

1
骑手
骑手
MC:$3.58KHolders:1
0.00%
2
番茄炒币
番茄炒币
MC:$3.65KHolders:3
0.11%
3
傻币
傻币
MC:$3.56KHolders:1
0.00%
4
傻币
傻币
MC:$3.56KHolders:1
0.00%
5
傻币
傻币
MC:$3.56KHolders:1
0.00%

Sitemap

The Truth About US Account Closures: Government Pressure vs. Bank Autonomy

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

骑手

骑手

番茄炒币

番茄炒币

傻币

傻币

傻币

傻币

傻币

傻币

Pin

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!

The Truth About US Account Closures: Government Pressure vs. Bank Autonomy

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

骑手

骑手

番茄炒币

番茄炒币

傻币

傻币

傻币

傻币

傻币

傻币

Pin

Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!