“Despite full regulatory compliance, digital asset companies face forced account closures, denial of credit, and restricted payment services,” MARA’s Fred Thiel argued in his opening statement, calling the industry’s treatment unprecedented and discriminatory.
He warned that financial restrictions are pushing innovation offshore, undermining energy infrastructure, and allowing banks to decide which industries can exist. To counter this, Thiel urged Congress to enforce equal access to banking, increase regulatory transparency, and support digital asset businesses through clear policies. “Without immediate action, the U.S. risks losing its leadership in blockchain technology,” he said.