The Suspicious Denial of Protego Trust: New York Magazine Finds Evidence of Operation Choke Point 2.0
The Breakdown
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Operation Show.2.0: A Denial of Crypto Companies
Protego Trust was denied a national charter after receiving conditional approval. Protego lined up 100 million in required funding and completed all Office of the Comptroller of the Currency Requirements. The OCC denied it because the dollars weren't physically in the bank. A former regulator said, "It sure seems like the OCC really doesn't want to approve these applicants"
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