Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.

May 29, 2014 · Acting in coordination with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as “high-risk” – including coin dealers, firearms and ammunition sales, and short-term lending.

May 29, 2014 · WASHINGTON – House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) today released a staff report, The Department of Justice’s “Operation Choke Point”: Illegally Choking Off Legitimate Businesses?, on the DOJ’s wide-ranging investigation of banks and payment processors.

6 days ago · Washington, February 6, 2025 - . Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine the negative effects of the Biden Administration's Operation Choke Point 2.0 and hear testimony by those affected and experts in the digital assets …

Mar 7, 2024 · Lobbyists resurrected their Operation Choke Point narrative in revised form: Instead of a government agency conspiracy, Operation Choke Point now stood for a privatized conspiracy of anti-gun bankers.

6 days ago · Congress Investigates Debanking, FDIC’s “Choke Point 2.0” Documents Revealed Feb 5, 2025, 07:50am EST ‘This Is A Big Deal’—$10 Trillion Bitcoin Predicted As Trump Fuels Huge Price Boom

with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as “high-risk” – including coin dealers, firearms and ammunition sales, and short-term lending. Operation Choke Point effectively transformed this guidance into an implicit threat of a federal investigation.

6 days ago · A number of crypto executives said they were unfairly targeted under what many in the industry have labeled “Operation Choke Point 2.0.” The term references a controversial Obama-era ...

This new, more fanciful narrative about Operation Choke Point has become the stated premise for new antiboycott laws that punish banks if they do not lend to the gun industry, such as Texas Senate Bill 19, enacted in 2021. This Article is an attempt to set the record straight.

6 days ago · Hearing Entitled: Operation Choke Point 2.0: The Biden Administration's Efforts to Put Crypto in the Crosshairs Thursday, February 6, 2025 2:00 PM in 2128 Rayburn House Office Building Oversight and Investigations Subcommittee . Click here to view the Committee Memorandum Click here to view the livestream of this hearing. ...

5 days ago · Friction point: "The Biden administration's Operation Choke Point 2.0 was carried out by the prudential regulators to target, ... (R-Pa.) said in his opening remarks. "Operation Choke Point" is a reference to an Obama-era program that used banking regulation to restrict certain industries, such as payday lenders and firearms companies. The ...

Aug 17, 2017 · The move hands a big victory to Republican lawmakers who charged that the initiative — dubbed “Operation Choke Point” — was hurting legitimate businesses.

Nov 5, 2018 · The Trump administration owes the public a full investigation into Operation Choke Point and an explanation for why many of the people involved in this abuse of power are still working for...

Dec 21, 2022 · This new, more fanciful narrative about Operation Choke Point has become the stated premise for new antiboycott laws that punish banks if they do not lend to the gun industry, such as Texas SB 19, enacted in 2021.

Interestingly, at the end of the two-hour hearing, titled “Operation Choke Point 2.0: The Biden administration’s Efforts to Put Crypto in the Crosshairs,” the two political parties actually ...

Aug 22, 2017 · Operation Choke Point was begun by the United States Department of Justice during the Obama administration, and the stated purpose of the program was to “choke off” banking services to persons who were engaged in illegal activities, such as money laundering.

May 23, 2019 · The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies.

Feb 4, 2025 · The "Operation Choke Point 2.0: The Biden Administration's Efforts to Put Crypto in the Crosshairs” hearing comes amid industry clamoring that U.S. financial regulators, including the Federal Deposit Insurance Corporation (FDIC), engaged in an unofficial campaign—to limit crypto’s access to banking.

Mar 19, 2014 · The investigation that Justice Department officials have dubbed "Operation Choke Point" was first disclosed in March 2013. The probe aims to prevent fraudsters from accessing consumer bank accounts by choking off their access to the payments system.

Aug 18, 2017 · Operation Choke Point was a wide-ranging, illegal investigation that chose its targets for reasons grounded in little more than than officials' own sense of morality, and it's closure is a...

In an August 16, 2017 letter to Congress, the U.S. Department of Justice (DOJ) announced that its controversial program dubbed “Operation Choke Point” has officially ended. In the letter, DOJ also repudiated the program, which it described as a “misguided initiative.”

Jan 24, 2025 · The Blockchain Association received a letter from the House Oversight Committee requesting evidence on Operation Choke Point 2.0. Both the House and Senate are investigating alleged crypto debanking practices, with hearings intensifying federal scrutiny.

6 days ago · The U.S. House Committee on Financial Services has scheduled a hearing on “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry. Coinbase chief legal officer Paul Grewal and Fred Thiel, the chief executive of crypto mining ...

Nov 29, 2024 · Every industry has an open secret, and in the case of cryptocurrency, there has been a long-standing discussion over Operation Choke Point 2.0 (OCP 2.0), the alleged joint efforts by some...

Oct 31, 2018 · These documents show that powerful bank regulatory agencies engaged in an effort of intimidation and threats to put legal industries they dislike out of business by denying them access to the...

Nov 13, 2023 · Operation Choke Point was a federal law enforcement initiative designed to reduce fraud by limiting access to financial services for businesses deemed high-risk. While the program was intended to protect consumers, it faced significant criticism for its potential to harm legitimate businesses.

5 days ago · Operation Choke Point 2.0 is a fake program never initiated by the Biden Administration,” Green said. Green went on to tell the Committee about the failures of crypto-related banks and said these failures bore no evidence of …

Dec 22, 2024 · Federal regulators have been accused of restricting banking access for crypto firms in what is termed as Operation Choke Point 2.0, despite denials from the Biden administration. Trump has vowed to end the alleged Operation …

3 days ago · Operation Choke Point 2.0 ist ein gefälschtes Programm, das nie von der Biden-Administration initiiert wurde”, sagte Green. Green berichtete dem Ausschuss auch von den Misserfolgen der Krypto-Banken und sagte, dass diese Misserfolge kein Beweis für die Existenz der Operation Choke Point 2.0 seien.

5 days ago · The latest sanctions escalation against Moscow is a case in point. At the beginning of the war in Ukraine, fear of touching Russia’s energy sector hamstrung the U.S. response, but Washington ...