What type of news does CryptoWeekly cover?

CryptoWeekly covers cryptocurrency market updates, blockchain technology developments, and regulatory news.

How often is the news section updated?

CryptoWeekly updates its news section daily with the latest developments in the crypto industry.

Can I contribute news articles to CryptoWeekly?

Yes, guest contributions are welcome. Contact our editorial team to submit your article.

Is CryptoWeekly news biased?

CryptoWeekly strives to provide unbiased, factual, and up-to-date cryptocurrency news.

Market

Operation Chokepoint 2.0 Rolled Back, Crypto Community Celebrates

The Federal Deposit Insurance Corporation (FDIC) has followed the U.S. Office of the Comptroller of the Currency (OCC) in removing “reputational risk” as a factor in bank oversight. This move effectively rolls back the controversial Operation Chokepoint 2.0, which had led to the debanking of crypto companies.

Haider Jamal
March 26, 2025

Reducing Political Influence

David Sacks called this a significant step forward for crypto, as the vague “reputational risk” criteria targeted businesses based on negative publicity, true or not. The new policy aims to make banking regulations more objective and fairer, reducing political influence on the sector.

Source: X (@EleanorTerret)

He also credited Senator Tim Scott for his role in pushing these changes through the Financial Institution Reform and Modernization (FIRM) Act, which is expected to improve the environment for crypto businesses.

Eliminating Regulatory Uncertainty

Fox Business’ Eleanor Terrett criticized “regulation by enforcement,” citing Ripple’s $150-$200 million in legal fees with little progress since the SEC’s 2020 lawsuit.

She also noted the harm to XRP holders and other crypto projects due to regulatory uncertainty, criticizing former SEC Chair Gary Gensler for focusing on crypto while overlooking major issues like FTX and Celsius.

Join Our FREE Newsletter

Subscribe to stay informed and receive latest updates on the latest happenings in the crypto world!

By submitting this form, you are consenting to receive marketing emails from: Crypto Weekly. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.