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Pirate Wires
Operation Chokepoint 2.0 (ft. Nic Carter), VCs For Kamala, Google’s Bizarre Search Results
Aug 4, 2024
In this engaging discussion, cryptocurrency expert Nic Carter and tech-political analyst John Coogan dive into the implications of Operation Choke Point 2.0, revealing its impact on crypto startups amid shifting political landscapes. With Biden out, they dissect Kamala Harris's sudden rise as the Democratic nominee and the subsequent media dynamics, particularly how Google's algorithms shape public perception. The duo also addresses the billionaire battle on X and the potential fallout from recent tech regulations, making for a thought-provoking conversation.
01:17:28
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Quick takeaways
- Operation Choke Point 2.0 signifies renewed efforts by the Biden administration to restrict banking access for cryptocurrency firms, echoing past regulatory strategies.
- The political landscape surrounding cryptocurrency is shifting, with the Republican Party gaining traction among crypto advocates amidst escalating regulatory challenges.
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Operation Choke Point 2.0 and Its Implications
Operation Choke Point 2.0 refers to efforts perceived to restrict cryptocurrency operations in the U.S., echoing prior governmental maneuvers against certain industries. Under the Obama administration, a similar initiative sought to de-bank politically disfavored industries utilizing the FDIC to control banks and payment processors. The Biden administration has reportedly revived this strategy, particularly targeting the crypto sector following the collapse of FTX, leading to significant obstacles for crypto firms in securing banking services. The ongoing implications are dire for crypto startups, leaving them to navigate complex regulations that place excessive burdens on their business models.
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