Congressman Dan Meuser
@RepMeuser
At today’s @FinancialCmte Oversight Hearing, I pressed witnesses on how the Biden Administration’s Operation Choke Point 2.0 is just the latest version of the same playbook Obama used to debank industries he disfavored. The witnesses detailed how regulators didn’t issue formal bans but used vague threats, endless scrutiny, and regulatory pressure to force banks to cut off crypto firms. This is nothing new—it’s a deliberate abuse of power, and we need real solutions to ensure it never happens again. Calling it out isn’t enough. We must put an end to these politically motivated backdoor efforts to control industries. @iampaulgrewal @fgthiel @CampbellJAustin
2025-02-06T22:29:15.000Z