Deep Tide TechFlow message: On July 22, according to The Wall Street Journal, Coinbase sued the U.S. government’s “Operation Choke Point 2.0” for its crackdown on the cryptocurrency industry and won; the SEC was ruled to pay $150k in damages after deleting text-message evidence. The action previously sought to force banks to cut ties with legitimate crypto businesses and users by applying pressure. Maxine Waters, the top Democratic lawmaker of the House Financial Services Committee, also criticized the government’s practice of closing citizens’ bank accounts without cause and without an appeal channel.