🚨NEW: Some more detail on the @BankingGOP’s debanking hearing and the witness list announced today from me and my @FoxBusiness colleague @ChaseWilliams_z: The Senate Banking Committee has announced a list of witnesses who will testify next week in a highly anticipated hearing on so-called “de-banking” -- the controversial practice of denying banking services to customers tied to industries or causes deemed politically sensitive. The issue of unlawful debanking made headlines in December following prominent tech investor Marc Andreessen’s appearance on the popular Joe Rogan podcast in which he alleged that more than two dozen tech and crypto founders were de-banked as part of the Biden Administration’s regulatory crackdown on the $3.5 trillion digital assets industry. The topic resurfaced last week when President Trump took a jab at Bank of America CEO Brian Moynihan during his remote address to the World Economic Forum, alleging that Bank of America and JPMorgan have been restricting banking access to conservatives. “They don’t take conservative business, and I don’t know if the regulators mandated that because of Biden or what but you and Jamie [Dimon] and everybody,” Trump said. “I hope you open your banks to conservatives because what you’re doing is wrong.” Moynihan promptly changed the subject following Trump’s remarks and a Bank of America spokesperson has since denied Trump’s claim. Dimon responded to the allegation during an appearance on The Unshakeables, a podcast affiliated with the bank’s Chase for Business division, where he denied that JPMorgan had ever debanked customers for political reasons. But witnesses at next week’s Senate Banking hearing, chaired by Republican @SenatorTimScott, are gearing up to tell a different story. @EvanHafer, the founder and executive chairman of the veteran-owned @blckriflecoffee is expected to inform members of the Banking Committee that he has been the target of debanking over what he believes are his conservative political leanings, as well as prior criticisms of progressive, or “woke” ideals like Diversity, Equity and Inclusion mandates and so-called Environmental, Social and Governance investing. Nathan McCauley, the CEO & co-founder of the cryptocurrency platform @Anchorage, is preparing to inform the committee about how his company was the target of debanking even though Anchorage is a federally regulated institution overseen by the Office of the Comptroller of the Currency. In December, the House Financial Services Committee held a hearing on how technology is helping to shape the future of finance in which @nathanmccauley testified about his firm’s struggles to keep lasting relationships with partner banks. “Our bank actually did tell us they were debanking us because we were in the business of crypto,” McCauley told lawmakers in the hearing. “That was particularly surprising because we ourselves are a national bank.” The Financial Services Committee under its new chairman, @RepFrenchHill, is set to hold its own hearing on debanking next Thursday, the day after the Senate Banking Committee holds theirs. In addition to Hafer and McCauley, a financial services law expert who serves as a partner at white shoe law firm Davis Wright Tremaine LLP, will also testify about his experience with clients being debanked. Congress’s crusade against debanking practices has sparked a conversation among big banks executives about how opaque guidance from regulators, which some say could be the root cause for instances of debanking, needs to be fixed. “We have to comply with the law, but it's ambiguous and we're punished if we make a mistake in our judgement,” Dimon said on The Unshakeables podcast. “We're not allowed to tell you why we debanked you, so, if we think there's a risk of fraud, we think there's a risk of money laundering, and if we don't debank you, we'll get in big trouble. We’ve been complaining about this for years. We need to fix it.”