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ROLLUP: Operation Choke Point | SEC Crypto Staking Crackdown | Genesis Earn Repayment | a16z Uniswap
Bankless
Is the Biden Administration Coming After Crypto?
The Biden administration is executing a coordinated plan that spans multiple agencies to discourage banks from dealing with crypto firms. The breadth of this plan spanning virtually every financial regulator as well as its highly coordinated nature has even most of the steely-eyed crypto veterans nervous. Stablecoins may be stranded and unable to manage flows in and out of crypto and exchanges might be shut off in the banking system entirely.
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