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biden administration's operation choke point 2.0 targets crypto industry access
Operation Choke Point 2.0 refers to the Biden administration's alleged efforts to undermine the crypto industry through regulatory pressure, mirroring the original 2013 initiative that targeted high-risk sectors. Documents reveal the FDIC instructed banks to halt services for crypto companies, leading to significant financial losses and closures of crypto-friendly banks like Signature and Silvergate. This coordinated attack has raised concerns about unconstitutional measures being used against blockchain technology.
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