House Committee Starts Hearing on Operation Choke Point 2.0 | Airdrop Alert Pro

The House Financial Services Committee held a hearing on Choke Point 2.0 action today. The newly issued criminal documents of the FDIC are discussed in detail.

Representative Alexander Green eagerly denied all charges dropped within the first five minutes, but was subjected to overwhelming evidence. Crypto still has voice rivals in the U.S. government, but their stance is weakening.

Committee hearing begins with hostility

The House Financial Services Committee conducted hearing About today’s undo and operation Choke Point 2.0, it Reflects U.S. cryptocurrency policy. The fact that this hearing even exists and is widely sympathetic is a victory in itself.

But the old institution vanished hard, representing Al Green starting with a very critical opening remark:

“Yes, the title of this hearing is ‘Choper Point 2.0 Action: Biden administration’s efforts to put cryptocurrency in the crosshair.” But the better title of this hearing is “President Trump’s How will self-dealing deregulation put investors at risk? The Choke Point 2.0 action is a fake plan that the Biden administration has never launched. ” Green said.

Green continues to tell the committee about Banks related to crypto And say that there is no evidence of these failures in Table 2.0.

Specifically, he hinted Silvergate Bank, which collapsed in 2023 And it has produced cascading effects throughout the industry. Green said it owns more than 98% of its assets in cryptocurrencies, proving cryptocurrency instability.

Evidence of Operational Obstacle Point 2.0

But, as journalist Eleanor Terrett tip Outside, Silvergate wasn’t alone. bank Repeated attacks Industry rivals and regulators such as Elizabeth Warren have imposed a 15% cap on cryptocurrency-related bank deposits.

Since then, the continued business has become untenable and the bank has voluntarily cleared.

“Ironically, Congresswomen Rashida and Nikema Williams said they were more concerned about their voters being revoked or unable to access basic financial services at hearings, Is this created to solve these problems?” Write Eleanor Terrett.

Although Green’s comments began the hearing in a hostile tone, the facts quickly emerged. The first witness to the committee was Austin Campbell, acting CEO of WSPN, who demonstrated the proof of action for Choke Point 2.0.

Specifically, he mentioned FDIC, 175 related and offender documents have been released yesterday.

Coinbase Chief Legal Officer Paul Grewal is the next witness. he Notify the community that he will testify. Based on his years of experience advocating Coinbase, Grewal introduced his own experience in the Choke Point 2.0 operation to the committee. He also talked about the exchange Movement to uncover the FDIC documents.

In other words, Grewal is not focused on attacking Coinbase directly, but rather exposes attacks from the entire industry.

This combination of focused narratives and factual analysis of a wide range of issues seems to be verbally effective. The committee also heard other witnesses, including one who denied the existence of the Choke Point 2.0 operation.

Ultimately, this hearing will not change separately. After all, the House Oversight Committee Recently launched its own investigation Operate control point 2.0, which has nothing to do with that point.

However, this hearing shows that bringing justice to cryptocurrencies is a powerful driving force. The tide is turning, and the crypto opposition may be weakening the United States.