Coinbase's Chief Legal Officer, Paul Grewal, has announced the conclusion of 'Operation Choke Point 2.0,' a policy that had limited U.S. banking access for cryptocurrency firms. This development is attributed to President Donald Trump's deregulation efforts, which have reopened financial channels for the crypto industry.
The policy reversal, coupled with the recent passage of the GENIUS Act and CLARIFY Act, is expected to significantly enhance crypto regulation and adoption in the United States. Institutional confidence is on the rise, highlighted by Vanguard's management of $11 trillion in assets and increased trading activity in major altcoins.
Coinbase Legal Chief Announces End of 'Operation Choke Point 2.0'
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