Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in... (EventID=117858)

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Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/USHouseFSC Follow us on Twitter: https://x.com/USHouseFSC Follow us on Instagram: https://www.instagram.com/ushousefsc/ ___________________________________ On Thursday, February 6, 2025, at 2:00 p.m. (ET) Subcommittee on Oversight and Investigations Chair Huizenga and Subcommittee Ranking Member Green will host a hearing entitled, “Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in the Crosshairs." ___________________________________ Witnesses for this one-panel hearing will be: • Mr. Austin Campbell, Adjunct Professor, Stern School of Business, New York University • Mr. Paul Grewal, Chief Legal Officer, Coinbase • Mr. Fred Theil, Chief Executive Officer, MARA ___________________________________ The hearing will examine the negative effects of the Biden Administration’s Operation Choke Point 2.0. The original iteration of Operation Choke Point began under the Obama Administration when the Department of Justice and prudential regulators targeted and pressured banks to discontinue services to disfavored industries. In the second iteration, prudential regulators under the Biden Administration set their sights on the digital asset ecosystem. As a result, digital asset firms, employees of digital asset firms, and individuals participating in the ecosystem have been debanked. The Committee will hear testimony from those affected by Choke Point 2.0 and experts in the ecosystem to understand the depths of the problem and measures necessary to correct it. ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=412829