U.S. House Lawmakers Detail Grievances Over Government's 'Choke Point 2.0'

U.S. House Lawmakers Detail Grievances Over Government's 'Choke Point 2.0'

French Hill, the chairman of the House Financial Services Committee, issued a report outlining what went on at several U.S. crypto regulators in past years.

Operation Choke Point: House Republicans Spotlight Biden Administration’s ‘Attack on Crypto’

A new congressional report from Representative French Hill makes several allegations against federal regulators. It claims they restricted the U.S. crypto industry through actions resembling a revived Operation Choke Point.  The document claims that agencies used unclear rules and informal pressure. The report also points to forceful enforcement efforts. These actions caused more than 30 The post Operation Choke Point: House Republicans Spotligh…

U.S. Congress Against Crypto Debanking: A Blow to Operation Choke Point 2.0

U.S. Congress against crypto debanking: A blow to Operation Choke Point 2.0, ending informal pressure on banks and normalizing digital assets' access to the financial system in a

House Confirms Operation Choke Point 2.0

Republicans on the House Financial Services Committee have released a 50-page report detailing what they describe as a systematic debanking effort by Biden-era regulators, dubbed “Operation Chokepoint 2.0.”  While many of the findings — such as the Fed, FDIC, and OCC pressuring banks away from crypto through informal guidance, and the SEC’s “enforce first, make rules never” approach — were previously known, the report now places them squarely in…

Congressional Report Accuses Regulators of Restricting U.S. Crypto Industry

A new congressional report led by Representative French Hill alleges that federal regulators have indirectly constrained the U.S. crypto industry through actions resembling a modern version of Operation Choke Point. According to the document, agencies relied on vague guidance, informal pressure, and aggressive enforcement tactics that ultimately caused more than 30 crypto firms and industry participants to lose access to banking services. The re…