January 24, 2025

Scott: Banking Committee Will Investigate Debanking

Washington, D.C. – Today, Chairman Tim Scott (R-S.C.) announced the Senate Banking Committee will hold a hearing focused on debanking on February 5, 2025. Witnesses will be announced at a later date.

“Debanking is un-American – every legal business deserves to be treated the same regardless of their political beliefs. Unfortunately, under Operation Chokepoint 2.0, Biden regulators abused their power and forced financial institutions to cut off services to digital asset firms, political figures, and conservative-aligned businesses and individuals. This is unacceptable. As Chairman of the Senate Banking Committee, I look forward to working with President Trump, industry leaders, and members of both parties to stop these abuses,” said Chairman Scott.

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