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On Thursday, February 6, 2025, at 2:00 p.m. (ET) Subcommittee on Oversight and Investigations Chair Huizenga and Subcommittee Rating Member Inexperienced will host a listening to entitled, “Operation Choke Level 2.0: The Biden Administration’s Efforts to Put Crypto within the Crosshairs.”
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Witnesses for this one-panel listening to shall be:
• Mr. Austin Campbell, Adjunct Professor, Stern Faculty of Enterprise, New York College
• Mr. Paul Grewal, Chief Authorized Officer, Coinbase
• Mr. Fred Theil, Chief Government Officer, MARA
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The listening to will study the destructive results of the Biden Administration’s Operation Choke Level 2.0. The unique iteration of Operation Choke Level started below the Obama Administration when the Division of Justice and prudential regulators focused and pressured banks to discontinue providers to disfavored industries. Within the second iteration, prudential regulators below the Biden Administration set their sights on the digital asset ecosystem. Consequently, digital asset corporations, staff of digital asset corporations, and people collaborating within the ecosystem have been debanked. The Committee will hear testimony from these affected by Choke Level 2.0 and specialists within the ecosystem to know the depths of the issue and measures essential to appropriate it.
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Listening to web page: https://democrats-financialservices.home.gov/occasions/eventsingle.aspx?EventID=412829
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