[U.S. OCC Issues Warning to Wall Street on 'Debanking' Practices in Industries Like Digital Assets, Calling Such Actions 'Illegal'] According to CoinDesk, former U.S. President Trump initiated actions against the U.S. measures of 'debanking' controversial industries such as digital assets, prompting the Office of the Comptroller of the Currency (OCC) to release a new report. The report further confirmed past practices and warned that banks involved in such activities could face penalties. This brief report from the OCC reviewed the practices of the nine largest national banks in the U.S., concluding that 'between 2020 and 2023, these banks implemented both public and non-public policies that restricted certain industries from accessing banking services, including requiring enhanced reviews and approvals before providing financial services.' The report stated that some major banks imposed higher entry barriers for controversial or environmentally sensitive businesses, or for activities that conflicted with the banks' own values. Financial giants such as JPMorgan Chase, Bank of America, and Citigroup were specifically mentioned, with links to their past public policies, particularly those related to environmental issues. The report stated: 'The Office of the Comptroller of the Currency intends to hold these banks accountable for any illegal "debanking" activities, including referring relevant cases to the Attorney General.' However, it remains unclear which specific laws these activities may have violated.