News with the tag "Operation Choke Point 2.0"

Recent reports claim that Coinbase is seeking clarity on the status of banking services related to crypto. In a letter, the exchange allegedly urged US regulators to confirm whether banks can offer services to crypto businesses. This move comes before the US Congress hearing regarding “Operation Cho...

Coinbase’s chief legal officer Paul Grewal is accusing the Federal Deposit Insurance Corporation (FDIC) of stonewalling the top US-based crypto exchange’s request for public records. In a new thread on the social media platform X, Grewal accuses the FDIC of being deceitful and refusing to hand over ...

Barr has served as the Fed’s vice chair for supervision since July 2022 and was widely regarded as one of the chief architects of Operation Choke Point 2.0, an alleged government effort to undermine the crypto industry. Fed Board Member Michael Barr Steps Down From Supervision Role Michael Barr, Fed...

Donald Trump’s newly appointed crypto czar David Sacks has finally taken notice of the multiple complaints about Operation Choke Point 2.0. The much-talked-about Operation to cripple the crypto industry by preventing access to liquidity is getting mainstream attention as crypto exchange Coinbase rel...

Coinbase CEO Brian Armstrong says Massachusetts Senator Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler wanted to destroy the crypto industry. In a post on social media platform X, Armstrong says Warren and Gensler possibly broke the law in their attempt to deci...

Martin Gruenberg, the Federal Deposit Insurance Corporation (FDIC) Chairman, faces scrutiny in a high-profile House Financial Services Committee hearing. Lawmakers are calling for his immediate removal as the market participants cite his controversial role in “Operation Choke Point 2.0.” Notably, th...

In today’s Donald Trump victory, the Republicans have completely swept both – The House and the Senate with an overwhelming majority. As a result, Tim Scott will now be replacing anti-crypto Massachusetts Senator Elizabeth Warren as the head of the Senate Banking Committee. This will be the biggest ...

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.

Crypto evangelist Nic Carter has recently exposed how the Federal Reserve has played a crucial role in pushing the crypto-friendly Silvergate Bank to the path of bankruptcy. He added that as part of Operation Choke Point 2.0, Biden’s regulators – the Fed, FDIC, and OCC – systematically cracked down ...

Co-founder of Gemini, Tyler Winklevoss, has accused US Vice President and Democratic Presidential candidate Kamala Harris of touting a fake reset of the perceived “anti-crypto” policy of the Biden administration and the US Democratic party in general. This development follows several other events in...