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FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0

Although not directly from the FDIC, Hill's remarks brought new clarity to what critics have called "Operation Chokepoint 2.0."

CryptoSlate

Jan 11

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In today's top headlines, the FDIC's interim chair has labeled the ongoing trend of crypto debanking as "unacceptable," shedding light on concerns surrounding what many are calling "Operation Chokepoint 2.0." Meanwhile, the cryptocurrency landscape celebrates the first anniversary of Spot Bitcoin ETFs, with IBIT leading the pack among the top 20 by assets under management. Additionally, New Hampshire is making strides towards financial innovation by proposing a bill to establish a Bitcoin reserve for state treasury investments, joining a growing movement among states to leverage cryptocurrencies for public funds.

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The global crypto market cap is $3.29 trillion, with a 24-hour volume of $89.75 billion. The price of Bitcoin is $94,409.42, and BTC market dominance is 56.8%. The price of Ethereum is $3,269.68, and ETH market dominance is 11.9%. The best-performing sector is Healthcare, which gained 4%. The Crypto Fear & Greed Index is currently Greed (69).