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US Oversight Committee Starts Investigation on Operation Choke Point 2.0
US Oversight Committee Starts Investigation on Operation Choke Point 2.0
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The US Oversight Committee has initiated an investigation into Operation Choke Point 2.0, a campaign where federal regulators allegedly pressured banks to avoid doing business with cryptocurrency companies. The Senate Banking Committee is also set to conduct a hearing in early February, increasing the scrutiny on federal regulators. The crypto community views this operation as a significant example of government overreach, despite some regulators and financial leaders dismissing it as a hoax. The House Oversight Committee has reached out to the Blockchain Association and other influential crypto companies for further information.
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