Paul Grewal, Coinbase’s Chief Legal Officer (CLO), is set to testify at a congressional inquiry into Operation Choke Point 2.0. This testimony is only one component of a strategy to establish positive ties between the crypto community and the US federal government.

Coinbase has waged a sustained court battle to dig up old evidence of mistreatment yet is ready to comply with new and beneficial legislation.

Coinbase vs Operation Choke Point 2.0

Operation Choke Point 2.0 was a key piece of anti-crypto regulatory overreach that had a dire impact on the broader community. It directed financial institutions to “debank” crypto businesses, and attempts have been made to replicate it.

As the current government has started investigating these claims, Paul Grewal, Coinbase’s Chief Legal Officer (CLO), is set to testify against Operation Choke Point 2.0.

“This week, Congress is taking debanking head on. To help, Coinbase submitted a letter laying out why bank regulators should clear unjust roadblocks for crypto for the millions of Americans who use digital assets. We’re far past the era of crypto being on the fringe of the financial sector- it’s time for the federal code to reflect that,” Grewal claimed.

Specifically, a thaw is opening up amongst US federal regulators. President Trump vowed to tackle anti-crypto banking suppression, and the House Oversight Committee recently announced an extensive investigation into the matter.

Inspired by this progress, some community figures are even Go to Source to See Full Article
Author: Landon Manning

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