In a significant development, the Department of Justice and the Federal Deposit Insurance Corporation (FDIC) were held accountable for their ‘nefarious...
In a significant development, the Department of Justice and the Federal Deposit Insurance Corporation were held accountable for their ‘nefarious’ activities under Operation Choke Point , resulting in penalties. Keith Bliss , the founder and CEO of BloxCross, has raised concerns about a new initiative, dubbed as ‘ Operation Choke Point 2.0’, which he believes is now occurring in the cryptocurrency industry.So I think you're referring to operation Choke 0.2 0.0.
What they were doing was squeezing businesses, squeezing businesses, really money services, businesses around areas that they just didn't like, you know, whether it was, could be firearms, could be firearms, marijuana related businesses, adults, uh businesses, uh payday lenders, um just legitimate business and they were losing or having trouble maintaining their business accounts uh from a compliance perspective.
Well, they know they'll never get legislation passed because as we know that's the way our system works. And again, the, the, the DOJ and the FDIC were found, you know, uh not negligent, but they were found to have some guilt and they paid fines and promised to change their policies, operation chokepoint 2.0 is now occurring and it's occurring in the crypto industry.
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