Senate Banking Committee Chairman Tim Scott (R-SC) told Breitbart News in an exclusive interview on Tuesday that it is “disgusting” that former President Joe Biden “weaponized” the financial system to “debank” conservatives. Scott spoke to Breitbart News right before he announced witnesses for the February 5 committee examining the real life impacts of debanking in America. The hearing will feature three witnesses, including Nathan McCauley, the CEO and cofounder of Anchorage Digital; Evan Hafer, the founder and executive chairman of Black Rifle Coffee Company; and Stephen Gannon, a partner at Davis Wright Tremaine LLP.
Conservatives, venture capitalists, and cryptocurrency companies have long complained about “debanking,” or losing access to one’s banking services due to the person or group’s commercial activity or political affiliation. President Donald Trump recently brought this into the limelight at the World Economic Forum when he told Bank of America and JPMorgan Chase to platform conservatives. Scott blamed the Biden administration for forcing banks to stop providing their services to conservatives.
“It is disgusting to watch the number of industries and individuals de bank, because Biden weaponized, not just the Department of Justice, Obama weaponized just, not just the department of the IRS, but we’ve seen the weaponization of our financial markets that is disgusting,” the South Carolina senator said. “It is not just wrong. It is immoral,.
