Bankless Congressman Tom Emmer Tackles the War on Crypto
Mar 29, 2023
Tom Emmer, U.S. Representative for Minnesota and House Majority Whip, is a strong advocate for crypto, sounding alarms about the ongoing 'war on crypto' in the U.S. He delves into Operation Choke Point 2.0, highlighting its implications for the industry and the 2024 elections. Emmer discusses the disconnect between politicians and the crypto community and addresses the need for collaborative regulatory approaches. He emphasizes the importance of civic engagement to drive change and the potential of cryptocurrencies to unify across political lines.
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Is There a War on Crypto?
- The U.S. government's actions, such as the closure of crypto-friendly banks, suggest a possible targeted effort against the crypto industry.
- This raises concerns about a potential "Operation Choke Point 2.0" aimed at debanking crypto.
Operation Choke Point 2.0
- Recent bank closures (Silvergate, Silicon Valley, Signature) are likely not coincidental, suggesting a deliberate move against crypto.
- Regulators and cabinet members appear to have a negative view of crypto, potentially hindering innovation.
Fighting Back
- Exercise your right to vote and support candidates who align with your views on crypto.
- Consider relocating your business if the U.S. becomes hostile to crypto innovation.