A new 50-page House Financial Services Committee report formally documents what Republicans call a Biden-era "Operation Chokepoint 2.0," detailing how regulators pressured banks to avoid crypto while publicly denying any discouragement.

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.