Chairman Tim Scott has announced the witnesses for an upcoming Senate Banking Committee hearing on debanking. The hearing, titled “Investigating the Real Impacts of Debanking in America,” is scheduled for February 5, 2025, at 10:00 am ET. It will take place at the 538 Dirksen Senate Office Building.
The witnesses include Nathan McCauley, CEO and Co-Founder of Anchorage Digital; Evan Hafer, Founder and Executive Chairman of Black Rifle Coffee Company; and Stephen Gannon, Partner at Davis Wright Tremaine LLP.
“This hearing will provide an important opportunity to hear directly from Americans who operate federally legal businesses and have been debanked. It will also allow the Banking Committee, and the American public, to learn more about whether there was improper influence by financial regulators. Debanking is unacceptable and un-American – this hearing is the first step in our efforts to hold bad actors accountable,” said Chairman Scott.
In preparation for the hearing, Chairman Scott is encouraging those affected by debanking to report their experiences to his committee staff. Information can be shared via email at RepWhistleblowers@banking.senate.gov or by calling 202-224-4287. Individuals are asked to include their business details, a description of their allegation, and contact information.
