The debanking scandal was real. Lawful businesses lost banking access because bureaucrats disapproved of their industries or beliefs. President Trump’s regulators banned “reputation risk.” Congress should make that fix permanent by passing @votetimscott's FIRM Act.

Big Banks debanked President Trump—and many others in America—because they didn't agree with their politics. We can never go back to Biden's Operation Chokepoint 2.0 policies. This should be investigated. Thank you, @USAttyPirro!

Appreciated the chance to discuss debanking yesterday with @RiggsReport. Big banks like @Chase denied they were doing it but their regulator found they did. No one should be denied basic banking services due to politics or religion. #FoxBusiness# @TheNCRF

The OCC released its report on debanking practices by some of the major banks. The #crypto# industry was a direct victim of these practices in what was called Operation Choke Point 2.0 where accounts with links to not only companies but also individuals linked to digital assets were shut down. Interestingly, the report only mentions crypto in passing (digital assets is mentioned only 4 times) and instead focuses on denial of banking services due to religious (e.g. anti-LGBTQ organizations) or political views (e.g. merchants of MAGA merchandise). But overall, this is a very good report from the @USOCC that highlights the clearly discriminatory practices that were used by banks in recent years. The actual report is available here: