The post Congressman Slams Trump’s Crypto Stance and Industry Deregulation appeared on BitcoinEthereumNews.com.
As the regulatory landscape for digital assets in the US continues to evolve, two recent congressional discussions have highlighted the growing political divide over cryptocurrency policy. President Donald Trump’s executive order establishing a Working Group on Digital Asset Markets has drawn interest from top industry executives, while his decision to launch a meme coin has sparked criticism from lawmakers. At the same time, a House Financial Services Committee hearing saw Rep. Al Green challenged claims that the previous administration unfairly targeted crypto firms, instead shifting focus to Trump’s pro-crypto stance and financial ties to digital assets. Congressman Al Green Slams Trump’s Crypto Agenda and Meme Coin Launch in Heated House Hearing In a Feb. 6 hearing of the House Financial Services Committee’s Oversight and Investigations Subcommittee, Texas Representative Al Green sharply criticized US President Donald Trump for what he described as a “deregulatory pro-crypto agenda” while simultaneously launching a controversial meme coin. The hearing, which focused on the Biden administration’s stance on crypto regulation, quickly escalated into a broader political battle over the future of digital assets in the United States. At the heart of the debate was the colloquial term “Operation Choke Point 2.0”, which Republican lawmakers and crypto executives have used to describe what they claim was an orchestrated effort by the Biden administration to debank the crypto industry. The term suggests that financial regulators, including the Federal Deposit Insurance Corporation (FDIC), pressured banks to cut ties with crypto firms. Rep. Al Green, a senior Democrat on the committee, pushed back against these claims, arguing that there was never an actual policy to systematically debank crypto businesses. According to Green, the FDIC and other financial regulators simply issued warnings about the risks associated with banking crypto companies but did not explicitly prohibit financial institutions from engaging with them.…