Paul Grewal, Coinbase’s Chief Legal Officer, is set to testify before Congress regarding the pressure from federal regulators on banks to restrict services for crypto companies, amid claims of a deliberate campaign to undermine the industry’s banking access.

The hearing titled ‘Operation Choke Point 2.0’ reflects broader concerns over the compatibility of crypto and banking in the U.S. Financial system, potentially shaping future regulations and the role of digital assets under governmental oversight.