The U.S. government was deliberately trying to hold back crypto development for years, according to a report released by U.S. Representative French Hill, who has been at the center of Congress’ push toward establishing crypto policies.
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The Republican chairman of the House Financial Services Committee issued a lengthy report on Monday detailing the federal government activities he contends represent a campaign to quell digital assets activity in the U.S. during the Biden administration. While the Senate still tries to work out the next big step in crypto legislation, Hill is seeking to cement the narrative that an unfriendly U.S. government ran what the industry and its Republican allies have called “Operation Choke Point 2.0.”
The original “Choke Point” was a
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