You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-industry-celebrates-end-of-operation-choke-point-2-0/" rel="noopener noreferrer nofollow">Crypto Industry Celebrates End of Operation Choke Point 2.0</a> The <a href="https://en.coin-turk.com/dogs-game-reaches-53-million-users-on-telegram/" rel="noopener noreferrer nofollow">crypto</a> industry asserts that the nightmare known as “Operation Choke Point 2.0” has ended with the conclusion of the Biden administration. Industry leaders expressed concerns on the X platform regarding discrimination that led to numerous institutions and individuals being denied access to banking services.<h2 id="the-conclusion-of-operation-choke-point-2-0">The Conclusion of Operation Choke Point 2.0</h2>Venture capitalist Nic Carter declared, “OCP2.0 is over,” marking the operation’s end alongside the Biden administration. He added that the operation would not truly conclude until new permanent leaders are appointed and Congressional legislation is formulated.Acting FDIC Chairman Travis Hill stated he has not seen concrete evidence of negative discrimination against crypto. In his remarks, he emphasized,<blockquote>“There is no place within the FDIC for any institution that refuses to serve compliant customers.” -Travis Hill.</blockquote><h2 id="political-pressures-and-the-future">Political Pressures and the Future</h2>Hill is attempting to gain political advantage by making positive statements about industries like the crypto sector, which has the support of the Trump administration. He is viewed as the most likely candidate for the permanent FDIC chair position.<a href="https://en.coin-turk.com/crypto-com-receives-electronic-money-institution-license-from-uks-financial-conduct-authority/" rel="noopener noreferrer nofollow">Coinbase</a> Chief Legal Officer Paul Grewal noted that Hill found no concrete evidence of a conspiracy against the crypto sector from FDIC staff or the Biden administration. Grewal believes that if the search for evidence continues, proof of Operation Choke Point 2.0 will eventually surface.Grewal stated, “Everything will come out; they cannot conceal this ongoing situation forever.” The FDIC has refrained from commenting on the matter.The crypto industry anticipates improvements in access to banking services following the end of Operation Choke Point 2.0. However, the regulatory approach towards the sector and potential risks remain subjects of ongoing debate.The post <a href="https://en.coin-turk.com/crypto-industry-celebrates-end-of-operation-choke-point-2-0/" rel="noopener noreferrer nofollow">Crypto Industry Celebrates End of Operation Choke Point 2.0</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Crypto Industry Celebrates End of Operation Choke Point 2.0

Table of Contents

COINTURK NEWS

Other articles published on Jan 31, 2025

Weekly Article Recap: 1/20-1/24

Grayscale Launches Dogecoin Trust to Expand Financial Access

Circle Mints Another 250M $USDC Through Solana to Fulfill Increasing Demand

Lido Primer

Crypto Analyst Predicts XRP Price Surge To $6.4 As The Coin Rallies Again While FXGuys ($FXG) Is ...

Apple records an all-time high revenue of $124.3 billion for quarter ending Dec 2024

Join our free newsletter for daily crypto updates!