The recent debanking narrative, sparked by Marc Andreessen's comments on the arbitrary closure of bank accounts for crypto founders, has led to a surge in projects on Solana aimed at providing banking alternatives. Startups like Squads and Iron are developing solutions such as virtual bank accounts and onchain banking, while the broader perception of risk associated with crypto continues to challenge these initiatives. Despite the ongoing debate about the effectiveness of current anti-money laundering efforts, the push for innovative financial services persists, highlighting the need for regulatory alignment in the evolving landscape.
