Senate panel grapples with who’s to blame for de-banking.
What role have woke regulators played in encouraging banks to discriminate against or de-bank customers because of their religious beliefs or because they support the Second Amendment?
We need to know, and the de-banking needs to stop. “Banks shouldn’t stop customers from accessing accounts or services based on political affiliation or industry.”

On 2/5/2025, The Senate Banking Committee held a hearing on debanking in the financial services industry amid challenges facing businesses in the crypto and cannabis industries as well as politically motivated debanking of other customers. While the Senate Banking Committee on Wednesday seemed to coalesce around de-banking being a problem, lines were drawn as to whether blame lies with bank regulators or lenders themselves. De-banking has garnered more attention in recent weeks, since President Donald Trump called out Bank of America and JPMorgan Chase last month, alleging they shut out conservative customers.

Big banks denying access to customers was one such factor. Senator John Kennedy (R-LA) asked Mike Ring, the President, CEO, and Co-Founder of the freedom-focused bank, Old Glory Bank, to name the American banks that “have been discriminating, debanking customers because of their religious beliefs, because they support the Second Amendment, or because they hate fossil fuels.” Ring responded by saying Bank of America has “certainly picked and choose [sic] winners” and also named Chase Bank, Citibank, and KeyBank.

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Kennedy de-bank: Banks or woke regulators? Banks shouldn’t stop services based on political affiliation