Python Politics Part 2: Operation Choke Point 2.0 Begins
The Breakdown
00:00
Crypto Is in the Crosshairs
The Biden administration is now executing what appears to be a coordinated plan that spans multiple agencies. It applies to both traditional banks who would serve crypto clients and crypto first firms aiming to get bank charters. Bankers tell me that crypto is toxic and the risks of engaging with the asset class aren't worth it. Banking innovations at the state level like Wyoming's SPDI for crypto banks appear dead in the water.
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