US Government’s Approach to Cryptocurrency Sparks Controversy – BitRss

In the cryptocurrency market, allegations regarding the US government’s intention to distance financial institutions from crypto companies have been a topic of long-standing debate. The existence of this so-called program, referred to as “Operation Chokepoint 2.0,” has become a new source of tension between regulatory authorities in Washington and the financial sector. US Representative Al Green has asserted that these claims are unfounded, stating that the government has not issued an order for banks to reject cryptocurrency companies.

Tensions Between the Cryptocurrency Sector and Banks

Financial regulators in the US continue to warn banks about the risks associated with collaborating with cryptocurrency companies. However, Representative Al Green emphasized that these warnings are not aimed at forcibly severing banks’ relationships with crypto firms. According to Green, regulators are merely highlighting potential financial dangers and leaving the decision to the banks themselves.

Cryptocurrency industry representatives disagree with this viewpoint. Paul Grewal, Chief Legal Officer of