Cardano Founder Warns Operation Chokepoint 2.0 Poses Greater Threat Than Expected
decade—without warning or explanation. This action left Abed, as well as many other crypto entrepreneurs, stranded without access to essential services.
Coinbase, one of the largest cryptocurrency exchanges in the United States, has taken steps to challenge this crackdown. The company has filed Freedom of Information Act (FOIA) requests with the U.S. government in an effort to reveal the extent of Operation Chokepoint 2.0.
The Biden administration has come under fire from crypto leaders who accuse it of waging a covert war on the industry by pressuring banks to sever ties with crypto businesses. International banks are facing pressure to comply with U.S. standards, leading them to debank clients associated with cryptocurrencies.
The consequences of this crackdown are far-reaching. Businesses and individuals operating in the crypto space are being cut off from crucial financial services, which hinders their ability to operate and innovate. Charles Hoskinson and other key figures in the industry are sounding the alarm, calling for unity and action to address this issue before it causes irreparable damage.
