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Two decisions yesterday by the Supreme Court, in National Rifle Association of America v. Vullo & Cantero, et al. v. Bank of America, N. A., have implications for current regulatory pressure on the Bitcoin ecosystem.
U.S. President Donald Trump is preparing to sign a new executive order on cryptocurrency, which could include major policy changes affecting crypto banking access and regulatory oversight.
The post Trump Expected to Sign Executive Order Supporting Crypto Banks appeared first on Kanalcoin.
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with [...]
The post Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses appeared first on Crypto Breaking News.
Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
Why regulators must be held accountable for the consequences of Operation Chokepoint 2.0.
Crypto founders have reported losing business accounts, with personal accounts also subject to debanking.
Peirce's reforms prioritize stopping practices like Operation Chokepoint 2.0, which critics say undermine cryptos banking access.
In a recent Joe Rogan interview, Mark Andreesen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.
In a recent Joe Rogan interview, venture capitalist Marc Andreessen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.
Frax Finance was allegedly among the crypto companies targeted by the debanking effort, according to the platforms founder.
The FDIC Chairman one of the main orchestrators of Operation Chokepoint 2.0 cant leave fast enough.
Not investigating Operation Chokepoint 2.0 would create a dangerous precedent where regulatory bodies can suppress whoever they disfavor, Deaton stressed.
Lummis called the alleged FDIC actions illegal, demanding the preservation of records linked to crypto activities since January 2022.
"You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately," Lummis wrote.
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