Crypto and banking sector executives gave testimony on Operation Choke Point 2.0, its scope, and solutions to address its consequences at a House committee hearing titled “Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in the Crosshairs” today.

Coinbase Chief Legal Officer Paul Grewal, CEO of digital payments company WSPN Austin Campbell, blockchain firm MARA CEO Fred Thiel, and Director of Banking Policy at Better Markets Shayna Olesiuk addressed the committee. Grewal, Campbell, and Thiel testified that the crypto industry was systematically targeted by OCP 2.0, while Olesiuk claimed crypto businesses were “lawbreakers” who “chose to engage in widespread, flagrant illegal conduct.”

Broadly, attitudes at the hearing broke down on partisan lines — republicans like Dan Meuser called OCP 2.0 a “serious overreach” by the Biden admin, while Rep. Al Green, who yesterday called for the impeachment of Trump, called Choke Point 2.0 “fake.”