Odaily Planet Daily News - U.S. Congressman French Hill publicly pledged to investigate 'Operation Chokepoint 2.0,' an initiative accused of politically motivated actions to deny financial services to specific industries such as cryptocurrency. Hill stated that financial institutions should not terminate customer accounts without just and substantial reasons, characterizing such actions as weaponizing government resources. He emphasized the importance of fairness and transparency in financial regulation, arguing that this practice is detrimental to legitimate businesses. In a recent social media post, he condemned the Biden-Harris administration for continuing these practices, pointing out their similarity to the original 'Operation Chokepoint.' He announced his intention to push for legislative scrutiny of regulatory agency actions and policies to determine whether they comply with legal standards. Additionally, Hill expressed a strong stance to eradicate political targeting in financial regulation. He highlighted the importance of developing financial regulatory measures targeted at specific institutions as part of his broader reform agenda. He suggested requiring federal prudential regulators to consider factors such as scale, risk profile, and business model when implementing policies. This approach will prevent a one-size-fits-all regulation and ensure that smaller community banks and credit unions do not bear an unfair burden. (CoinGape)