Republicans Release Final Report on the “Debanking of Digital Assets"

[ed]

U.S. House Republicans released a final report accusing regulators under former President Biden of systematically cutting crypto firms off from financial services — calling it “Operation Choke Point 2.0.”

Key claims:
Regulators pressured banks to avoid digital-asset clients
SEC relied on “regulation by enforcement”
FDIC and OCC allegedly created extra barriers for crypto banking
At least 30 people or companies were debanked

The report calls for:
• The CLARITY Act
• A clear digital asset market structure
• Protection against future “debanking”

The Senate Banking Committee says it expects updated legislation ready by early 2026.

[Nahid Hossen]

The report highlights growing political pressure around fair access to financial services.