Regulatory Challenges at Operation Chokepoint 2.0: Insights from Paul Grewal

Regulatory Challenges at Operation Chokepoint 2.0: Insights from Paul Grewal

user avatar

by Giorgi Kostiuk

2 years ago


Before the upcoming Operation Chokepoint 2.0 session held by the U.S. Senate Banking Committee, Coinbase's Chief Legal Officer, Paul Grewal, will testify about the restrictions imposed on the cryptocurrency sector.

Session Details and Witness List

Separate sessions will be conducted by the Senate and the House, featuring expert witnesses from various organizations. In addition to Grewal, testimonies will be heard from Nathan McCauley, founder of Anchorage Digital, Austin Campbell, CEO of WSPN, and other professionals. Lawmakers noted that the sessions would examine past efforts to restrict the cryptocurrency sector’s access to banking services.

Discrimination in Banking

In recent weeks, Coinbase has questioned the role of regulatory institutions in light of documents that suggest the U.S. FDIC instructed banks to limit financial services to the cryptocurrency sector. Coinbase's legal team is currently conducting a thorough examination of these developments, and detailed information is expected to be shared during the session.

The oversight meeting aims to examine past efforts to exclude the cryptocurrency sector from banking services.Paul Grewal

Impact of Regulation on the Cryptocurrency Sector

The session will also raise issues related to restrictive measures being attempted in various areas of the sector, as highlighted by testimony from Anchorage Digital and Fred Thiel. Discussions will focus on the impacts of legal processes and regulations on the industry, with an emphasis on monitoring existing practices. The session could provide a comprehensive discussion platform for monitoring regulations in the sector and evaluating the impacts of existing restrictive measures.

The hearings could provide a comprehensive platform for monitoring regulations in the sector and evaluating the impacts of existing restrictive measures. The testimonies of the identified witnesses may offer data for future regulations and highlight attempts to isolate the cryptocurrency sector from the financial system.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

French Investors Increase Stablecoin Self-Custody

In France, stablecoin balances held in personal wallets surged by 192% from July 2025 to June 2026, indicating a growing trend towards self-custody among French crypto users influenced by fiscal pressures and political uncertainty.

user avatarLeo van der Veen

Stablecoin Holdings Surge in Western Europe

Stablecoin holdings in personal wallets across Western Europe surged by 131% between July 2025 and June 2026, significantly outpacing the global growth rate.

user avatarLi Weicheng

AI Agent Successfully Bypasses CAPTCHA Tests, Exposing Weaknesses

AI agent named Gary successfully bypassed CAPTCHA tests on over 50 Discord servers, revealing vulnerabilities in traditional verification methods.

user avatarAisha Farooq

Solo's Human Verification SDK Now Powers JellyJelly

Solo's human verification SDK is now integrated into JellyJelly, ensuring each account belongs to a real person without the need for government IDs.

user avatarTenzin Dorje

Payward Reports Recovery Signs Amid Annual Revenue Decline

Payward reports signs of recovery in Q3 despite annual revenue decline, with a 12% increase in platform margin attributed to improved trading activity and expanded client services.

user avatarElias Mukuru

Payward's Financial Services Expansion Mitigates Trading Revenue Losses

Payward has expanded its financial services operations to mitigate losses from declining trading revenue, now accounting for 52% of its total platform margin.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.