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- James Comer is investigating the claims of Operation Chokepoint 2.0.
- The person in charge sent a letter to Andressen Horowitz, Coinbase and Uniswap for evidence.
- The Donald Trump administration is already causing a change in the cryptocurrency approach.
The US Congress is finally investigating the case submitted by the cryptocurrency exchange in relation to the Operation Chokepoint 2.0. Representative James Comer (Republican-KY), chairman of the House of Representatives, said the investigation is already underway. He informed many industry stakeholders on this new development on January 24.
A BIDEN official refused to participate in Operation Chokepoint 2.0.
US lawmakers are now trying to make sure the regulators have secretly “removed major cryptocurrency companies” during the Joe Biden administration. Comer emphasized the situation in the letter sent to Andressen Horowitz (A16Z) co -founder Marc Andressen, Coinbase Ce Brian Armstrong, Uniswap founder Hayden Adams.
“Committee… We are investigating the withdrawal of the inappropriate banks of individuals and organizations based on participation in specific industries such as political perspectives, cryptocurrencies, and blockchains. ”
Some other cryptocurrency companies have received letters from the House of Representatives. Many of these groups agree that the BIDEN administration has begun to crack down on the cryptocurrency sector.
In particular, some former executives denied that they were involved in such a plot.
Gary Gensler, former chairman of the US Securities and Exchange Commission (SEC), refuted this claim. While the parliament investigated the issue, the US Cryptocurrency Exchange Coinbase found the communication between the Federal Deposit Insurance Corporation (FDIC) and some of these banks.
Witness of FDIC DBanking Initiative
Despite the initial revision, the “Pause Letter” mentioned in this document shows the guidelines of the regulatory agency. This letter shows that the bank is required to break all relationships with a cryptocurrency company, including withdrawing access to banking services.
In order to give credibility to the contents of the pause letter, Andressen Horowitz confirmed the situation when he appeared in Joe Rogan’s podcast.
He admitted that BIDEN knew a cryptocurrency -friendly technical expert who could not access banking services when he was a US president. Donald Trump’s wife, Melania Trump, mentioned that she and son Baron also paid for the bank during this period.
Congress asked for other organizations with evidence of the A16Z co -founder and Di Bank Initiative.
Clearly, blocks are to check if the bank practices were the instructions of the financial institution itself. Or it may be an implicit or explicit pressure of the government regulatory agency.
Promote change with Donald Trump and SEC
This event emphasizes the central axis of the cryptocurrency environment since Donald Trump took office. For four days in the White House, he added to a policy that prefers the cryptocurrency ecosystem.
He has signed an administrative order to establish a presidential group on the digital asset market, and has made a big change in the approach to digital assets.
Mark Uyeda was appointed as chairman of the SEC under the Trump administration. He immediately started a cryptocurrency task force to build a clear regulatory framework for the industry.
The Task Force, led by the Director of Hester Peirce, will work on its own within the legal framework provided by the US Congress.
In relation to collaboration, the cryptocurrency task force will work closely with other federal departments and institutions, especially the CFTC, to have a clear regulatory framework for the Web3 industry.
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disclaimer: Coinspeaker is doing its best to provide a transparent report. This article aims to deliver accurate and timely information, but should not be accepted as financial or investment advice. The market situation can change rapidly, so please check the information and consult with the expert before making the decision based on the contents.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the actual application of blockchain technology, the general acceptance of emerging technology and innovation that promotes the integration of global integration. His desire to educate people about cryptocurrencies inspired the contribution to the famous blockchain media and sites.
