PANews reported on February 6 that the U.S. House Financial Services Committee's Oversight and Investigations Subcommittee will hold a hearing at 14:00 EST on February 6 (3:00 a.m. Beijing time on February 7) with the theme of "Choke Point 2.0: How the Biden Administration Can Crack Down on Cryptocurrencies" , focusing on the banking service restrictions faced by the crypto industry. Witnesses include Austin Campbell, Paul Grewal, Fred Thiel, and Shayna Olesiuk , and are expected to cover the attitude of financial regulators toward crypto companies and their impact on the development of the industry.