It’s Choke Point 2.0 after all, U.S. lawmakers think.
Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier.
The letters, dated April 25, were addressed to Federal Deposit Insurance Corporation chair Martin J. Gruenberg, Federal Reserve System chair Jerome Powell, and Office of the Comptroller of the Currency acting comptroller Michael J. Hsu. The lettersThe letters began by recalling the Obama Administration’s purportedto deny service to certain types of business. They continued:
“Today, we are seeing the resurgence of coordinated action by the federal prudential regulators to suppress innovation in the United States. There is no clearer example than in the digital asset ecosystem.”
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