Summary
- The U.S. House Financial Services Committee announced that it is holding a hearing on the suppression plan for the virtual asset industry, known as 'Operation Choke Point 2.0.'
- The hearing will be attended by several industry leaders, including Paul Grewal, Chief Legal Officer of Coinbase.
- In the past, Paul Grewal has claimed that the government is taking deliberate actions to stifle the growth of virtual assets in the United States.
The U.S. House Financial Services Committee is conducting a hearing on the Biden Administration's regulatory authorities' plan to suppress the virtual asset (cryptocurrency) industry, known as 'Operation Choke Point 2.0.'
According to a report by Daily Hodl on the 6th (local time), the hearing will be attended by several leaders from the virtual asset industry, including Fred Thiel, CEO of Mara Holdings, and Paul Grewal, Chief Legal Officer of Coinbase.
In the past, Paul Grewal, Chief Legal Officer of Coinbase, has claimed that the government is deliberately taking actions to stifle the growth of virtual assets in the United States.
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