Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to …
Chokepoint
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Regulation
Crypto debanking is ‘still occurring’ as banks stick to Chokepoint policies
by shayaanby shayaanCrypto firms have been facing account closures and denials of banking services for years under the label of de-risking. Many in the …
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Big banks are making it harder and more expensive for consumers to use fintech and crypto apps, which amounts to what could …
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Regulation
Trump Administration Pressed for Answers on “Ongoing” Operation Chokepoint 2.0
by shayaanby shayaanThe battle lines are drawn over “Operation Chokepoint 2.0.” Key crypto industry figures are now publicly taking on US Vice President JD …
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Regulation
ConsenSys Twice Hit by Operation Chokepoint, CEO Lubin Credits Bank for Fighting Back
by shayaanby shayaanConsensys, the Ethereum software developer best known for its MetaMask wallet, has twice been hit by U.S. authorities’ attempts to exclude it …
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Scams
Coinbase CLO to Address ‘Operation Chokepoint 2.0’ in Congressional Hearing
by shayaanby shayaanCoinbase’s Chief Legal Officer, Paul Grewal, will testify before the U.S. Congress this week as lawmakers investigate allegations that federal regulators deliberately …
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Regulation
Whistleblowers Allege FDIC Officials Are Destroying Documents Related to Operation Chokepoint 2.0: Senator Lummis
by shayaanby shayaanU.S. Senator Cynthia Lummis (R-WY) wants the Federal Deposit Insurance Corporation (FDIC) to secure materials that could be related to the US …
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Regulation
FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0
by shayaanby shayaanFederal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms during a speech in St. …
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Regulation
Pro-Crypto Lawyer John Deaton Volunteers To Lead Federal Investigation Into Operation ChokePoint 2.0
by shayaanby shayaanXRP supporter and pro-crypto lawyer John Deaton says he wants to help the incoming Trump Administration investigate “Operation Choke Point 2.0.” Deaton …
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Attorney John Deaton urges a federal probe into Operation ChokePoint 2.0, exposing FDIC’s actions to limit cryptocurrency services, including Bitcoin and Ethereum …