Bitcoin Magazine House Republicans Officially Confirm “Operation Choke Point 2.0” Targeted Bitcoin And Crypto Firms

Republicans on the House Financial Services Committee have released a 50-page report detailing what they describe as a systematic debanking effort by Biden-era regulators, dubbed “Operation Chokepoint 2.0.”

While many of the findings — such as the Fed, FDIC, and OCC pressuring banks away from crypto through informal guidance, and the SEC’s “enforce first, make rules never” approach — were previously known, the report now places them squarely in the Congressional record.

The report identifies at least 30 entities that were effectively “debanked” through informal regulatory guidance and supervisory pressure. These businesses, the Committee claims, were forced out of the U.S.

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