The OCC found that several major U.S. banks restricted or denied services to lawful industries— including crypto—without financial risk justification. The findings reignite concerns about a revival of “Operation Choke Point,” a former DOJ initiative that pressured banks to avoid certain legal sectors. The OCC said it is committed to ending any attempts to “weaponize finance” and is continuing to investigate thousands of complaints. The agency has also been softening its stance on crypto, allowing banks to hold crypto for network fees and conduct riskless principal transactions.