According to @iampaulgrewal, he testified before the U.S. House Financial Services Committee and stated that digital assets were the target of Operation Choke Point 2.0 (source: @iampaulgrewal on X, Dec 1, 2025). He warned that any legal American industry could be next if regulators continue to use banking services as a political weapon (source: @iampaulgrewal on X, Dec 1, 2025). He also thanked the Committee for documenting these abuses so they do not recur (source: @iampaulgrewal on X, Dec 1, 2025). For traders, the testimony centers on access to banking services for crypto firms that support fiat on/off ramps and exchange operations, highlighting policy risk tied to banking relationships (source: @iampaulgrewal on X, Dec 1, 2025).

According to the source, Donald Trump Jr. said media treatment is a disaster and compared social-media deplatforming to crypto debanking, highlighting concerns about access to financial rails for crypto users and businesses; Source: embedded tweet dated Oct 3, 2025. The post contains no market data, regulatory actions, or policy proposals, so no immediate trading impact can be derived from this source alone; Source: embedded tweet dated Oct 3, 2025.

According to paulgrewal.eth, a key legal discovery was won regarding the FDIC's pattern of Freedom of Information Act (FOIA) violations related to Operation Chokepoint 2.0, as reported on May 29, 2025 (Source: @iampaulgrewal on Twitter). This legal development increases transparency into the FDIC's regulatory practices that have impacted access to banking services for cryptocurrency firms. The court's decision could influence how financial institutions interact with crypto businesses and may lead to improved banking access for digital asset companies, which is a critical factor for crypto market liquidity and trading activity.