For context, the Biden administration has systematically harassed crypto startups these 4 years.
Typically they get "debanked" without explanation, and it's really hard to run a startup without a bank account...
This podcast with a16z co-founders Marc Andreessen and Ben Horowitz tells the stories: https://youtu.be/g4jWb-0nj44?si=_hK92xyF56lG0ezd&t=100