Operation Chokepoint 2.0 was a nefarious move by the Federal government to target crypto firms or firms affiliated with digital asset businesses by debanking operations. It is very difficult to run a business if you cannot hold funds and save them via the banking system.
During the Crypto Summit at the White House today, President Trump announced that they are ending Operation Chokepoint 2.0, which received applause from the crypto firms in attendance.
While additional information is slowly creeping out about the Crypto Summit, expectations are a broader statement will be released later today.
.@POTUS at the White House Crypto Summit: We are ENDING Biden’s Operation Choke Point 2.0! pic.twitter.com/lw8Uvqsg73
— Rapid Response 47 (@RapidResponse47) March 7, 2025
President Trump’s address at the Crypto Summit is shared below.
President Trump Delivers Remarks at the White House Digital Assets Summit https://t.co/U6JvLZlmgt
— The White House (@WhiteHouse) March 7, 2025