The Office of the Comptroller of the Currency reports that attempts to shut down banks have been linked to cryptocurrency activity.

The US Office of the Comptroller of the Currency released a 47-page report: Banks restrict digital asset services, but there are no specific examples.

The restrictions that the agency has in place.
The U.S. Office of the Comptroller of the Currency (OCC) released a report Wednesday on efforts to restrict financial services for certain businesses, noting that digital asset activity was a factor in banks' decision to limit service. It noted that some banks had both public and private policies that limited services to industries such as oil and gas, slavery, firearms and digital assets, according to data from the banking regulatory agency.

The OCC notes that many financial institutions also restrict banking activities related to digital assets, including those of asset issuers, trading platforms or system administrators, often citing financial crime reasons.

Claimed Operation Chokepoint2.0
In November,2024 more than 30 technology and digital asset executives identified that they were denied access to banking services, while a number of digital assets industry stakeholders referred to the effort informally as Operation Chokepoint,[4] named after President Obama's campaign aimed at countering bank-sponsored fraud and embezzlement.

47 pages of reports and gaps in the evidence.
Wednesday's 47-page OCC report contains no specific examples of outages related to digital asset activity. The OCC states that from its inspections of nine major banks, the agency was unable to measure the full extent of systematic disruptions or allegations of disruption. Chief Executive Officer John Gould focused on claims in the report about outages due more to links to coal and firearms.

The background to executive orders and industry demands
Trump's executive order in 20092025 came after calls within the industry regarding allegations including Operation Chokepoint2.0 that former U.S. President Joe Biden's administration may have influenced financial institutions to cut digital asset companies out of certain types of services, and that related parties such as the Federal Reserve or Fed were seeking advice on a plan which critics identified as possibly ending operation chokepoint.2.0