The U.S. Senate Committee on Banking, Housing and Urban Affairs announced it will hold a hearing on February 5, 2025 focused on debanking, with witnesses to be named later. Chairman Tim Scott said the hearing will examine what he described as “Operation Chokepoint 2.0,” alleging that Biden administration regulators abused their authority and pressured financial institutions to cut off services to digital asset firms, political figures, and conservative-aligned businesses and individuals.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-01-24
U.S. Senate Committee on Banking, Housing and Urban Affairs to hold February 5 hearing investigating debanking
The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on February 5, 2025, to examine "Operation Chokepoint 2.0." Chairman Tim Scott alleges that Biden administration regulators pressured financial institutions to cease services to digital asset firms and conservative-aligned entities.