The House Committee on Financial Services held a hearing on Operation Choke Point 2.0, focusing on debanking and its impact on the crypto industry. Representative Alexander Green initially denied debanking allegations but overwhelming evidence surfaced. The hearing reflects the US government's stance on crypto, with vocal opponents whose position seems to be weakening. The hearing featured witnesses who presented proof of Operation Choke Point 2.0, including the release of incriminating documents by the FDIC. Coinbase's Chief Legal Officer, Paul Grewal, discussed his personal experience and the exchange's campaign to expose attacks on the industry. The hearing signifies progress in advocating for the crypto industry and suggests that opposition towards crypto in the US is diminishing.



Other News from Today