According to nic carter, recent efforts are underway to identify individuals responsible for restricting lawful businesses from accessing the banking system, a move that has directly impacted cryptocurrency exchanges and service providers by limiting their ability to transact and operate efficiently (Source: nic carter on Twitter, May 9, 2025). Such banking restrictions have led to decreased fiat on-ramp options for crypto traders, increased transaction costs, and heightened operational risks for exchanges, emphasizing the urgent need for regulatory clarity and fair banking practices to support crypto market stability.