Debanked: How 1 in 10 Americans Lose Banking Access and Why Bitcoin Matters | Jorge Jraissati

Millions are discovering their bank accounts can vanish with no warning, no explanation, no recourse. In this Cypherpunk’d interview, Jorge Jraissati (@JraissatiJorge), President of @Econ_Inclusion, breaks down debanking, the Bank Secrecy Act, FATF’s tipping off rules, and the real world cost of financial surveillance. We cover what is happening, why it matters, and practical steps to protect financial freedom and inclusion.

What you will learn:
• What debanking is and how businesses and individuals get cut off from financial services
• Why banks often cannot tell you why accounts are closed
• The role of the Bank Secrecy Act and FATF recommendations in financial surveillance
• The scale and cost of AML compliance and why results lag
• How Bitcoin and open networks can serve as financial resiliency tools
• Policy fixes that add transparency, due process, and objective standards

Key terms for search:
debanking, financial surveillance, Bank Secrecy Act, FATF, AML, account closure, financial inclusion, Bitcoin, crypto policy, Reason magazine, due process, transparency in banking, compliance costs

Connect:
Guest X: @JraissatiJorge
Org: @Econ_Inclusion

Subscribe to Cypherpunk’d for weekly conversations on money history, crypto’s future, and digital liberty.