Crypto debanking continues as banks maintain Chokepoint policies
For years, crypto companies have struggled with bank closures and denials of services, often labeled as high-risk. Many within the crypto sector argue that these departures signal a deliberate effort to restrict digital assets, referred to informally as “Operation Chalk Point 2.0.” Initially, there was a sense that this trend might change with the election […]
Pro-crypto lawyer John Deaton offers to probe Operation Chokepoint 2.0 – Cointelegraph
Former US prosecutor and crypto advocate John Deaton will lead the investigation into Operation Chokepoint 2.0, an unidentified effort to force the incoming Trump administration to separate crypto companies from the traditional banking system. I suggested. “If ignored, these actions will set a dangerous precedent in which regulators can quietly stifle entire unwilling industries, stifling […]
FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19 – Cointelegraph
Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation and the architect of Operation Chokepoint 2.0, reportedly announced his retirement on January 19, the day before President Donald Trump took office. Reuters reported On Nov. 20, Gruenberg, a Democrat, acknowledged his resignation in a message to FDIC officials and said he had informed outgoing […]