The resignation of Michael Barr, the United States Federal Reserve's vice chair for supervision, is connected to 'Operation Chokepoint 2.0,' a federal initiative targeting crypto companies. Barr's departure, effective Feb. 28, has sparked reactions within the crypto community. Some industry figures blame Barr for hindering US banks from serving crypto firms. Barr, known for advocating responsible stablecoin regulation, oversaw the Fed's research on central bank digital currencies. His exit follows a trend of US officials stepping down as the Biden administration transitions to the incoming Trump administration. The departure of key leaders like Barr, Martin Gruenberg, and Gary Gensler has been viewed positively by some. Despite Barr's efforts to regulate stablecoins, concerns remain about regulatory suppression of the crypto industry. Former prosecutor John Deaton has called for an investigation into 'Operation Chokepoint 2.0' to prevent stifling innovation and economic opportunities. Read more AI-generated news on: https://app.chaingpt.org/news