Major US banks are actively responding to Republican state policies that restrict risk.

On June 24, according to the Wall Street Journal, several major U.S. banks, including JPMorgan Chase, Citigroup, and Wells Fargo, recently held emergency meetings with officials from Texas and Oklahoma in an attempt to avoid being excluded from state government contracts due to so-called "woke policies." These states have begun to prohibit certain financial institutions from participating in state contracts, arguing that they discriminate against industries such as gun manufacturing and fossil fuel extraction. JPMorgan Chase has updated its policies to clarify that it will not discriminate based on political positions. [深潮 TechFlow]