News with the tag "Chokepoint 2.0"

A high-profile CEO in the crypto space reportedly says that an American bank suddenly decided to shut the company out from banking services, supporting previous rumors of “de-banking” in the digital asset industry. Anchorage Digital CEO Nathan McCauley says that a bank – who is yet to be named – ess...

The Donald Trump administration is reevaluating the stringent banking regulations implemented by the Biden administration, which led to the controversial “Operation Chokepoint 2.0.” During a Senate Banking Committee hearing, Federal Reserve Chair Jerome Powell emphasized the central bank’s commitmen...

Donald Trump’s crypto policies have ignited a sense of optimism within the industry, hinting at a new era of growth and innovation. The US Securities and Exchange Commission’s decision to rescind SAB 121 has further fueled confidence. Experts hope that the abolition of SAB 121 will pave the way for ...

The US government under Joe Biden has allegedly been stifling the crypto industry through the process of debanking, which experts labeled “Operation Chokepoint 2.0.” With Donald Trump’s re-election, the crypto industry expects a reform that will lead to the US banking industry embracing cryptocurren...

Donald Trump’s inauguration as the 47th US President, marking the beginning of his second presidential term, has sparked excitement in the crypto space. While Trump has announced plans for 100+ executive orders, the community expects a crypto revamp. According to expert predictions, potential policy...

Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period.

U.S. Senator Cynthia Lummis (R-WY) wants the Federal Deposit Insurance Corporation (FDIC) to secure materials that could be related to the US government’s alleged efforts to de-bank crypto firms. In a new letter to FDIC chair Marty Gruenberg, Lummis says whistleblowers claim that the deposit insurer...

There are new concerns regarding the transparency in the regulatory methods of the Federal Deposit Insurance Corporation, or FDIC, following allegations against it. Senator Cynthia Lummis of Wyoming thinks the agency sabotaged critical data related to “Operation Chokepoint 2.0,” which is believed to...

"You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately," Lummis wrote.

RWAs are set to transform finance, with stablecoins, tokenized products and regulatory shifts in the US paving the way for 2025 growth.