AiCoin
AiCoin|Dec 03, 2025 02:44
[U.S. House Republicans Confirm 'Operation Choke Point 2.0' Targeting Bitcoin and Crypto Businesses] U.S. House Republicans have confirmed that 'Operation Choke Point 2.0' is aimed at Bitcoin and cryptocurrency businesses. The report indicates that the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) have exerted pressure on banks to distance themselves from the crypto sector through informal guidance, resulting in at least 30 institutions losing banking services. The report states that the U.S. Securities and Exchange Commission (SEC) has adopted a 'regulation by enforcement' strategy, failing to provide clear regulatory rules and instead restricting digital asset activities through selective enforcement. Documents reveal that relevant agencies have influenced bank behavior through methods such as 'no-action letters' and 'cease-and-desist letters,' forcing banks to exercise caution when engaging with crypto businesses.
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