The summary of the given crypto news content is that "debanking" has become a concerning practice in the crypto industry, where companies are being cut off from banking services due to pressure from federal regulators. This practice, known as "Operation Chokepoint 2.0," has sparked heated debate and multiple congressional investigations. Debanking operates through a non-transparent process where regulators warn banks against serving certain types of customers, leaving banks with no choice but to comply. This results in law-abiding individuals and businesses being cut off from basic banking services. The impact of debanking is devastating, leading to layoffs and disruption in the industry. The article emphasizes the need for congressional oversight, legislation to establish safeguards, and the rescinding of certain regulations to prevent this practice from happening again.



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