Both the Federal Deposit Insurance Corporation (FDIC) and the House Committee on Oversight and Government Reform are probing allegations of an initiative—dubbed “Operation Choke Point 2.0”—aimed at limiting U.S. banking access for crypto firms

Claim

Quotes that support claims

The Fed chair’s speech comes nearly three weeks after the Federal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms.
Powell’s remarks came days after the House of Representatives officially began investigating a plot dubbed “Operation Choke Point 2.0.