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Regulators Unleash Crypto Bloodbath: The Dark Secret They’ve Been Hiding Behind Operation Chokepoint 2.0

A darkened cityscape at dusk, a massive chokehold is wrapped around a skyscraper representing Coinbase, while financial institutions are shown being pulled away from it in the background, symbolizing the alleged 'pause' or 'refrain' letters sent by regulators. A faint image of Paul Grewal's face can be seen watching over the scene with concern and determination.

Regulators are at it again… or should I say ‘Operation Chokepoint 2.0’? } It looks like our favorite regulators have decided to take a page from the playbook of those pesky payday lenders and firearms dealers who got shut down back in 2013, only this time they’re targeting cryptocurrency firms instead! Coinbase’s chief legal officer, Paul Grewal has just spilled some tea on social media about what he calls .

Source: bitcoin.com

Newly surfaced documents reveal over 20 cases where regulators allegedly pressured banks to halt crypto services, raising concerns of a covert crackdown on U.S. crypto firms. Coinbase’s chief legal officer, Paul Grewal, disclosed on social media platform X on Friday findings related to what he describes as “Operation Chokepoint 2.0,” a government effort he argues aims to restrict financial access for compliant American crypto companies. The revelations emerged from a […]

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