The U.S. House of Representatives will hold a hearing titled "How the Biden Administration is Suppressing Cryptocurrency."

ChainCatcher news, the U.S. House Financial Services Committee's Subcommittee on Oversight and Investigations will hold a hearing on February 6 at 2:00 PM ET (3:00 AM Beijing time on the 7th) with the theme "Choke Point 2.0: How the Biden Administration is Suppressing Cryptocurrency," focusing on the issue of banking service restrictions faced by the crypto industry.

Witnesses include Austin Campbell, Paul Grewal, Fred Thiel, and Shayna Olesiuk, and they are expected to address the attitudes of financial regulators towards crypto businesses and their impact on the industry's development.