There are new concerns regarding the transparency in the regulatory methods of the Federal Deposit Insurance Corporation, or FDIC, following allegations against it.
Senator Cynthia Lummis of Wyoming thinks the agency sabotaged critical data related to “Operation Chokepoint 2.0,” which is believed to have targeted the cryptocurrency sector.
What Is Operation Chokepoint 2.0?
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The Operation Chokepoint 2.0 initiative is a campaign that is being run by regulators with the intention of separating crypto firms from organizations that provide traditional financial services. In this strategy that caused significant disruption to the sector, Chokepoint became a topic of discussion during the elections in the United States in 2024.
Critics argue it was unfair how these actions affected innovation and forced unnecessary hurdles against crypto companies just trying
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