Operation choke point


News Analysis

Crypto's U.S. Banking Problem Likely Among the First Things Tackled Under Trump

From the debanking crisis to the SEC's crypto accounting standards, the blockade between the digital assets sector and banks may be an easy target.

SEC GOP contingent

Opinion

The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here

Banking enforcement targeting legal crypto businesses appears to violate the FDIC's mandate. It may also be amplifying financial contagion.

(Spencer Platt/Getty Images)

Videos

Brian Brooks on Future of U.S. Crypto Regulation

As Nic Carter explained in his blog post, the widespread reports that U.S. banks are being instructed not to service crypto providers comes with no official communication from any regulator. He compared it to “Operation Choke Point,” a stealth campaign during the Obama administration to restrict fund flows to fringe but entirely legal services. Brian Brooks, Bitfury Board Member and former CEO, Valor Capital Group Partner and former Acting Comptroller of the Currency, discusses how the regulation-by-enforcement approach is playing out in banking supervision.

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