Uncovering more of US Operation Checkpoint 2.0
Well, well, well, while the cat's away the mice will play or in this case, when in power take more power.
Operation Chokepoint 2.0 is now under the microscope as US Senator Cynthia Lummis (R-WY) wants the Federal Deposit Insurance Corporation (FDIC) to secure materials that could be related to the government’s alleged efforts to de-bank crypto firms. This stems from Anchorage Digital CEO coming forward informing the communities that their currently unnamed Bank cut off their banking access after 2-years of unscathed work together. This occurred in June 2023 so primetime for Chokepoint 2.0 operations.
All parties are innocent until proven guilty here in the USA
So no jumping to forgone conclusions! I am just reporting the facts, I don't have inside scoop nor am I privy to anything not available in the public domain. I am very curious to see the extent of this here in the USA and did it cross over into International Cooperation by other power hungry Governments? Nah, that's silly talk!!!
Summary
The American people voted for change and now we are seeing just how much change needs to take place. We need full transparency how FAR and WIDE these Chokepoint operations went. One can assume remaining customers will flee the currently unnamed bank once full papers have been released. Moral of the story: Investors take money to where it is treated best or at least better than No Account for You actions taken by the operators of those involved in Chokepoint operations.