US House Probes Potential Operation Choke Point To De-Bank Crypto
US House Seeks Details on Potential De-Bank of Crypto U.S. House Financial Services Committee Chairman Patrick McHenry , Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill , and Oversight and Investigations Subcommittee Chairman Bill Huizenga sent letters to Jerome Powell , Martin Gruenberg , and Michael Hsu seeking all records of the agencies. advertisement The House will investigate whether the Federal Reserve System , Federal Deposit Insurance Corporation ( FDIC ), and Office of the Comptroller of Currency coordinated an Operation Choke Point-type action to deny banking services to the crypto sector. Along with my colleagues @PatrickMcHenry and @RepHuizenga, we called on bank regulators to explain potential coordinated efforts by the agencies to deny banking services to digital asset firms and the ecosystem. https://t.co/ScJYUlZ3IT — French Hill (@RepFrenchHill) April 26, 2023 Trending Stories ...