In a recent report, Republicans on the House Financial Services Committee unveiled alarming findings related to Operation Chokepoint 2.0, revealing that at least 30 crypto firms have been debanked over the past years.

The investigation, which began in the 118th Congress, sought to uncover coordinated efforts by the Biden Administration to hinder digital asset businesses and individuals from accessing essential financial services.

Biden Administration’s Actions Against Crypto

The report details how regulators under the Biden Administration employed “vague rules” and excessive discretion to discourage banks from serving clients in the digital asset space.

The Republicans further asserted that these regulators pressured financial institutions to distance themselves from digital asse

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