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Congress begins investigating crypto debanking and Operation Choke Point 2.0

The U.S. Congress is investigating claims of debanking targeting crypto firms under the Biden administration. Rep. James Comer stated that the inquiry is examining alleged discriminatory practices against the cryptocurrency sector.

Crypto executives have been asked to provide details on instances of denied banking access, as it could be linked to coordinated actions aimed at restricting the industry’s access to banking services.

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