The Breakdown How to Unwind OCP 2.0
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Dec 15, 2024 Explore the FDIC's controversial push to debank crypto firms amid banking turmoil. Dive into the political hurdles that Chokepoint 2.0 presents for cryptocurrency access to banking services. Discover the implications of the proposed Bitcoin Act 2024, which could legitimize Bitcoin as a treasury asset. Unpack how upcoming legislation may reshape the entire crypto landscape in the U.S. and influence Bitcoin's role as a safe haven.
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Chokepoint 2.0 Confirmed
- Operation Choke Point 2.0 was a coordinated government effort to debank crypto companies.
- This was revealed through documents released after Coinbase sued the FDIC.
Potential Pro-Crypto Legislation
- Trump's pro-crypto stance and potential Republican congressional sweep could lead to crypto-friendly legislation.
- Two key developments are dismantling the SEC's SAB-121 and the Bitcoin Act 2024.
Engage Politically
- Engage with elected officials to ensure crypto issues remain political priorities.
- The first 100 days of Trump's presidency are crucial for setting the agenda.