• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Federal Reserve to Inject $68 Billion into Markets

chest

The Federal Reserve is set to boost market liquidity by injecting nearly $68 billion through Treasury bill purchases on December 22, 2025.

user avatarMohamed Farouk

PBOC's Credit Repair Policy Expected to Boost Economic Activity

chest

The People's Bank of China (PBOC) has introduced a new credit repair measure expected to positively impact the economy by restoring consumer credit reliability and stimulating financial activity.

user avatarKenji Takahashi

Industry Leaders Demand Fair Staking Tax Policies

chest

Industry leaders, including Miller Whitehouse-Levine, call for fair taxation policies for staking to reduce burdens on blockchain developers and enhance American competitiveness.

user avatarElias Mukuru

PBOC Launches Credit Repair Initiative to Aid Economic Recovery

chest

The People's Bank of China (PBOC) has launched a one-time credit repair initiative to assist individuals with overdue debts under 10,000 yuan, aiming to support economic recovery post-COVID-19.

user avatarDiego Alvarez

Ethereum Foundation's Alleged Shift to Security Raises Questions

chest

Reports suggest a potential shift in the Ethereum Foundation's focus towards security by enforcing a 128bit rule by 2026, but lack primary source confirmation.

user avatarMaria Fernandez

Hong Kong's Insurance Authority Reviews Risk-Based Capital Regime

chest

The Insurance Authority of Hong Kong is reviewing its risk-based capital regime to attract private capital for infrastructure projects amid budget pressures.

user avatarRajesh Kumar

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.