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The Defiant 2025-01-06 21:22:07

Newly Released FDIC Letters Show Operation Choke Point 2.0 In Action

Another piece of Operation Choke Point 2.0 came into view today as Coinbase Chief Legal Officer Paul Grewal released a trove of letters showing just how the government shut down 25 attempts by banks to offer bitcoin and blockchain services in 2022 and 2023. While all names are redacted, newly released letters from the Federal Deposit Insurance Corporation (FDIC), a primary bank regulator, show a pattern of stomping on efforts to innovate with cryptocurrency and blockchain offerings under what the crypto community is calling Operation Choke Point 2.0 “It took a Court order but you can now read them for yourself,” Grewal said on X. “They show a coordinated effort to stop a wide variety of crypto activity — everything from basic BTC transactions to more complex offerings.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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Newly Released FDIC Letters Show Operation Choke Point 2.0 In Action

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