Jay Baez

"I don't believe there was debanking. I think it's a crock of shit. An absolute crock of shit." — @Lead_Bank CEO @jackiereses "There's 5,000 banks in the United States. We have a lot of red states. Are you telling me that in lots of red states, including where my company is headquartered, Kansas City, Missouri—those banks were not willing to bank, for example, conservative companies?" "What debanking actually means is that banks transitioned out of offering crypto products or risky products like adult entertainment or something like that." "That's legit. That happened to lots of companies. But that is not systematically debanking. That's choosing not to invest in the industry." "There might be cases where a bank decides to not include executives in a particular industry, or they choose they don't want the risk associated with something. That is their prerogative, and banks can make decisions based on their own reputational risk." "Thankfully, you have 50 states and 5,000 banks, and there are plenty of people who would take a pro and con of each side of those judgments, and be able to offer services to many of those people who say they were excluded from the banking system."