The U.S. House of Representatives will hold a hearing on the theme of "How the Biden Administration Is Cracking Down on Cryptocurrency."

BlockBeats News, February 6th. On February 6th, the Subcommittee on Oversight and Investigations of the U.S. House of Representatives Financial Services Committee will hold a hearing at 14:00 Eastern Time (3:00 AM Beijing Time on the 7th) on the topic of "Choke Point 2.0: How the Biden Administration Is Suppressing Cryptocurrency," focusing on the issue of banking service restrictions faced by the crypto industry. The witnesses include Austin Campbell, Paul Grewal, Fred Thiel, and Shayna Olesiuk, and it is expected to cover the regulatory stance of financial authorities towards crypto companies and their impact on the industry.