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The post House report documents Biden-era “Operation Choke Point 2.0” crypto debanking appeared on BitcoinEthereumNews.com. House Republicans released a 51-page report on 1 December, documenting how Biden Administration regulators used supervisory pressure, “Operation Choke Point 2.0,” to cut crypto firms from the banking system.  The report cites internal “pause letters” and policy documents while detailing the Trump Administration’s subsequent reversal of those policies. Pause letters and supervisory pressure details “Operation Choke Point 2.0” The House Financial Services Committee report provides evidence that at least 30 digital asset entities and individuals lost banking access between 2022 and 2024.  The documentation includes FDIC letters to approximately 24 banks. It requested that they delay crypto services and Federal Reserve guidance requiring non-objection letters before banks could engage in digital asset activities. The FDIC’s “pause letters,” were released publicly in February 2025.  It showed regulators requesting banks halt crypto-related activities, in what was widely regarded as “Operation Choke Point 2.0. Their reviews were paused while demanding extensive documentation.  According to the report, these letters made it “impracticable for financial institutions to pursue digital asset-related activities.” Industry impact: From Coinbase to small startups High-profile figures affected included Coinbase, Marathon Digital Holdings, and founders from Uniswap, Ripple, and Gemini.  Anchorage Digital, an institutional crypto platform, laid off 20% of its workforce after losing banking access in 2023. The report details how regulators used non-rulemaking tools. The rules included supervisory letters [SR 22-6, SR 23-8], interpretive guidance [IL 1179], and the SEC’s Staff Accounting Bulletin 121.  These measures, “Operation Choke Point 2.0,” created barriers without formal Congressional rulemaking processes. Industry executives described account closures with as little as 24-72 hours notice. Banks terminated relationships without explanation, forcing companies to scramble to meet payroll and basic operating expenses. Trump administration reversals The Trump Administration has systematically reversed these policies since taking office in January 2025.  Key actions include rescinding SAB 121, withdrawing Federal…

The post FDIC to Propose First GENIUS Act Rules This Month appeared on BitcoinEthereumNews.com. Key Highlights The FDIC will propose its first rules for implementing the GENIUS Act before the end of December. The GENIUS Act establishes the first federal oversight for stablecoins, which restricts issuance to regulated entities like bank subsidiaries Apart from this, FDIC Chairman Travis Hill also revealed the plan to share the regulatory status of tokenized deposits. Acting FDIC Chairman Travis Hill stated that the agency will propose its regulations under the new GENIUS Act before December ends.  U.S. FDIC chief says first GENIUS Act regulations heading for proposal this month — unfolded. (@cryptounfolded) December 1, 2025 This is another big moment when the leading U.S. bank deposit insurance official revealed the new development for stablecoins. Hill made this statement in his remarks for a hearing with the House Financial Services Committee. This statement comes after the GENIUS Act became law in July of this year, after receiving support from both political parties in Congress.  What is the GENIUS Act  The GENIUS Act is the US’s first comprehensive regulatory framework for USD-pegged stablecoins. Stablecoins are generally backed by safe assets like cash and government bonds.  The law says that only certain approved companies can issue these kinds of stablecoins. These include subsidiaries of banks insured by the FDIC, institutions supervised by the Office of the Comptroller of the Currency (OCC), or state-chartered companies under regulatory oversight.  If a company issues more than $10 billion in stablecoins, it must follow federal regulations. On the other hand, smaller companies can follow state rules if those rules are approved as strong enough by a new federal committee.  “The FDIC will be responsible for licensing and supervising subsidiaries of FDIC-supervised IDIs approved to issue payment stablecoins. The Act requires a number of rulemakings, including establishing capital requirements, liquidity standards, and reserve asset diversification standards,…

The post Is a Larger Correction on the Horizon? appeared on BitcoinEthereumNews.com. Market Downturn Hits Dogecoin Hard: Is a Larger Correction on the Horizon? Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Related News © 2025 NewsBTC. All Rights Reserved. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://www.newsbtc.com/news/dogecoin/market-downturn-hits-dogecoin-hard-is-a-larger-correction-on-the-horizon/

Session's Protocol V2 brings quantum-resistant encryption and Perfect Forward Secrecy to its decentralized network of 1,500 nodes, addressing future security threats. The post Session Adds Quantum-Resistant Encryption to Messaging Network With 1M Users appeared first on Coinspeaker.

Cardano is experiencing a very tough day at the market. The coin’s value drops to $0.3830 which is a 10.04% loss compared to yesterday’s closing price. During the day, traders exchanged $1.33 billion of ADA, but the market capitalization still remains at $13.75 billion which only represents a very small (0.47%) influence of Cardano in […]

The post XRP alters market dynamics, ETF means less on exchanges appeared on BitcoinEthereumNews.com. XRP balances on major cryptocurrency exchanges have declined sharply in recent weeks, a shift analysts attribute to the growing influence of newly launched spot exchange-traded funds (ETFs) rather than traditional accumulation by long-term holders. Summary XRP balances on major exchanges like Binance, Upbit, and Kraken have dropped as spot XRP ETFs absorb large amounts into custodial wallets. Reduced exchange liquidity means smaller trades now trigger sharper intraday price swings, though ETF-driven arbitrage provides structural stability. Long-term outlook for XRP strengthens, but traders should brace for increased short-term volatility amid lower on-exchange spot volume. Analyst Vincent Van Code reported that substantial amounts of XRP have moved from exchanges including Binance, Upbit, and Kraken into ETF custodial wallets. This transfer has reduced liquidity on retail trading platforms, according to Van Code’s analysis. ETF Inflows Shift XRP Off Exchanges The reduced exchange liquidity has altered market dynamics, Van Code stated. When daily trading volume on retail platforms was higher, large orders were required to generate notable price movements. With contracted volume, moderate-sized trades now produce sharper intraday price swings. The market environment remains fundamentally supported by ETF buying activity while becoming more sensitive to smaller transactions, Van Code noted. High-frequency trading firms are preventing price dislocations through arbitrage mechanisms similar to those deployed for Bitcoin and Ethereum ETFs, he added. These automated trading systems correct price gaps when ETF values drift from underlying asset prices, maintaining alignment between both markets, according to Van Code. The mechanism ensures XRP purchases occur during ETF creation events and provides structural stability, though retail trading charts may display more frequent volatility. Van Code stated the long-term outlook for XRP has strengthened due to this structural shift, despite potentially increased short-term volatility for traders. The analyst noted that modest sell orders or resistance levels can now generate significant…

The post Ethereum (ETH) Long Position Reaches 2,000 ETH at 25x Leverage as Huang Licheng Deposits USDC into Hyperliquid, Highlights $257k Unrealized Loss appeared on BitcoinEthereumNews.com. COINOTAG News, on December 1, citing Hyperinsight, reports that “Brother Ma” Huang Licheng deposited 249,847 USDC to Hyperliquid to scale his ETH long exposure, lifting leverage to above 25x. At press time, the position stood at 2,000 ETH, about $5.48 million, with an unrealized loss of $257,189 (-114.57%), while the liquidation price sits near $2,662. The move highlights how extreme gearing can magnify crypto exposure. The additional USDC liquidity supports a sizable ETH stake on Hyperliquid, but the current unrealized loss underscores the risk in highly leveraged crypto trading. With a liquidation price around $2,662, the position carries a tight margin for adverse price action, underscoring the need for disciplined risk controls in volatile markets. Source: https://en.coinotag.com/breakingnews/ethereum-eth-long-position-reaches-2000-eth-at-25x-leverage-as-huang-licheng-deposits-usdc-into-hyperliquid-highlights-257k-unrealized-loss

The post Why Bitcoin Could Crash to $45,000 Bottom as Metric Signals Long-Term Bear Market Ahead ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Bitcoin is struggling once again after dropping below $85k earlier today. The largest cryptocurrency by market capitalization is heading into 2026 in bearish territory, and some analysts are already predicting a long-term bear market. According to a useful analytical tool called BTC CVDD (Cumulative Value-Days Destroyed), the cryptocurrency is set to hit a bottom around $45,000 this time. The BTC CVDD Metric BTC CVDD is a crypto analytical tool used to track the age and dollar value of Bitcoin sold by long-term holders. It is the ratio of the cumulative value of Coin Days Destroyed in USD to the market age in days, adjusted by a scaling factor. CVDD has been useful for predicting BTC market bottoms in the past, and it could provide crucial levels to watch for this time as well. Popular crypto analyst Ali tweeted: “$45,880 is what the CVDD suggests as a potential bottom for Bitcoin $BTC.” He also provided a detailed analysis of the BTC CVDD graph and showed the relationship between past ATHs and bottoms since the first crypto halving of 2012: Advertisement &nbsp Image Source: X TC CVDD analysis is a helpful tool for predicting the bottom. However, the graph still doesn’t expect the end of a crypto bull run or a price rebound. What to Make of the CVDD Analysis? BTC’s latest ATH was set less than 2 months ago. The digital currency has since recorded a 31% price drop and is struggling around the $85k price level at press time. So, if the new ATH of this cycle has already been recorded, the CVDD analysis predicts that we will see BTC depreciate to the $40k range again at some point.  However, there is still a slim chance that the premier digital currency can recover from the bearish…

Binance co-founder Changpeng "CZ" Zhao and YZi Labs are seeking a management overhaul at publicly traded BNB treasury, CEA Industries.

A sharp rise in on-chain activity has put the XRP price prediction in the spotlight, as data shows over 1.05 million payments were made between unique wallets on Saturday.That’s a 200,000 increase from Wednesday and a 15% spike overnight, signaling a notable surge in XRP Ledger usage.This jump could be driven by increased automation, whale […] The post XRP Price Prediction: 1,000,000 New Payments Overnight – Is Something Big About to Hit the Market? appeared first on Cryptonews.