The Wolf Of All Streets
The Next FTX-Level Disaster Is Already Brewing… On WALL STREET | Caitlin Long
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Caitlin Long highlighted the severe impacts of Operation Choke Point 2.0, which systematically debanked the crypto industry, leaving lasting challenges ahead.
- The podcast explored the significant political dynamics influencing crypto regulations, noting a potential shift under a new administration that could favor the industry.
Deep dives
Understanding Operation Choke Point 2.0
Operation Choke Point 2.0 refers to the systematic efforts by regulatory agencies to debank the crypto industry, which many viewed as a conspiracy theory until its existence was confirmed by regulatory testimonies. Caitlin Long, CEO of Custodia Bank, emphasized the severity of the situation, noting how it harmed numerous businesses and that those tools for debanking still remain active. Even amidst changing political landscapes, she asserts that many staff members who influenced these actions continue to work within federal agencies, making a complete recovery for the crypto industry uncertain. The ongoing investigations could potentially uncover the full extent of the debanking efforts and their implications for both the regulators and the crypto market.
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