Paul Grewal Sheds Light on Regulatory Challenges During Operation Chokepoint 2.0 Session – BitRss

Before the upcoming Operation Chokepoint 2.0 session held by the U.S. Senate Banking Committee, Coinbase‘s Chief Legal Officer, Paul Grewal, will testify. This session aims to evaluate restrictions imposed on the cryptocurrency sector as part of investigations into regulatory practices affecting the industry.

Session Details and Witness List

Separate sessions will be conducted by the Senate and the House, featuring expert witnesses from various organizations. In addition to Grewal, testimonies will be heard from Nathan McCauley, founder of Anchorage Digital, Austin Campbell, CEO of WSPN, and other professionals. Lawmakers noted that the sessions would examine past efforts to restrict the cryptocurrency sector’s access to banking services.

Discrimination in Banking

In recent weeks, Coinbase has questioned the role of regulatory institutions in light of documents that emerged regarding the U.S. FDIC. These documents suggest that the FDIC instructed banks to limit financial services to the cryptocurrency sector. Coinbase’s legal team is currently conducting a thorough examination of these developments, and detailed information is expected to be shared during the session.

The ses…