The investigation into Operation Chokepoint 2.0 follows numerous reports from crypto firms of being denied banking services or having their accounts closed without explanation. While some attribute this to a conspiracy, others believe it is due to legitimate concerns over money laundering and reputational risk. The inquiry has sparked debate, with some calling for reforms to ensure crypto businesses have access to banking services. The Federal Reserve, FDIC, and OCC have denied directing banks to withhold services from crypto firms, but documents released by the FDIC suggest regulators may have created a climate of suspicion towards crypto. The investigation is ongoing, with Congress seeking to establish the truth behind the allegations.