Comptroller Issues Statement on Congressional Debanking Report — 2025-12-01

WASHINGTON—Comptroller of the Currency Jonathan V. Gould today issued the following statement on the release of the report titled “Operation Chokepoint 2.0: Biden’s Debanking of Digital Assets,” issued by the U.S. House of Representatives’ Financial Services Committee majority staff. The congressional staff report on the Biden Administration’s coordinated effort to debank digital assets confirms what many have long suspected: the Biden Administration’s actions discouraged and prevented the institutions within the regulated banking system from engaging with digital assets. I commend Financial Services Committee Chairman Hill and his staff for shining a light on the politicization of banking which has hampered industry’s efforts to modernize, innovate, better serve their customers and contribute to the national economy. To provide transparency around the OCC’s prior requirement for non-supervisory objection before a national bank engaged in digital asset activities under Interpretive Letter 1179, the OCC recently published each formal bank request submitted and the agency’s response.