A new 50-page House Financial Services Committee report formally documents what Republicans call a Biden-era “Operation Chokepoint 2.0,” detailing how regulators pressured banks to avoid crypto while publicly denying any discouragement.
Many on the political left still see Bitcoin as a capitalist symbol — nothing more than a tool for speculators. But that framing misses the deeper story now unfolding across the world: Bitcoin as a lifeline for people living under financial repression and political censorship.
Speaker Johnson looks to maintain a “symbiotic” relationship between the Bitcoin and crypto industry and the Republican-led House, while advocacy groups such as the Bitcoin Voter PAC are committed to protecting the Republican majority in the House come midterms.
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