House Report Suggests Biden Policies Pressured Banks to Limit Crypto Access

Operation Choke Point 2.0 refers to regulatory actions by the Biden Administration that pressured banks to sever ties with crypto firms, documented in a 51-page House Republican report released on December 1. At least 30 digital asset entities lost banking access from 2022 to 2024 through FDIC pause letters and supervisory guidance. Biden-era regulators issued [...]