House Committee Probes Alleged Federal Strong-Arming of Banks to Blacklist Crypto Clients

Crypto's latest regulatory showdown heats up as lawmakers dig into claims of backroom pressure.

Subheader: Banks Caught in the Crossfire

Washington's war on crypto takes a new twist—this time targeting the banking lifelines keeping digital asset firms alive. The House Oversight Committee just launched a probe into whether federal agencies are quietly strong-arming banks to drop crypto clients. No subpoenas yet, but the paper trail's getting spicy.

Subheader: The Choke Point Playbook

Insiders whisper about Operation Choke Point 2.0—regulators allegedly using 'suggestive guidance' to cut off banking access. Funny how these 'voluntary compliance' talks always seem to end with boarded-up crypto exchanges. Meanwhile, three major banks quietly axed crypto custody services last quarter. Coincidence? The committee's betting your taxpayer dollars it's not.

Closing Hook: Another day, another regulatory gray zone—because nothing screams 'financial innovation' like backroom strong-arming and spreadsheet jockeys deciding what counts as real money.