Summary
- US Congressman Al Green claimed that Operation Choke Point 2.0 is false.
- He emphasized that the Biden Administration has not banned banks' virtual asset activities.
- The fact that regulators imposed a 15% deposit limit on virtual asset companies was not mentioned.
According to Eleanor Terrett, a Fox Business reporter, on the 6th (local time), US Congressman Al Green attended a hearing and claimed that Operation Choke Point 2.0 (the US government's move to strengthen regulation and financial pressure on virtual assets) is false. He emphasized that the Biden Administration has not banned banks from engaging in virtual asset (cryptocurrency) activities. Regarding this, Eleanor Terrett mentioned on X (formerly Twitter) that "Al Green did not mention that in 2023, regulators imposed a 15% deposit limit regulation on virtual asset companies," explaining that "in the case of the bankrupt virtual asset-friendly Silvergate Bank, virtual asset customers made up a large part of the business, and therefore, it could not overcome the 15% limit regulation." 
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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