TechFlow news — On December 1, Ripple CTO David Schwartz appeared on Joe Rogan's podcast and stated that the "debanking" of tech companies has driven Silicon Valley toward supporting Trump. He publicly opposed "Operation Chokepoint 2.0"—a government-led initiative targeting the liquidation of cryptocurrency firms—and criticized the government's growing reliance on indirect regulatory tactics, calling it an "addiction." He emphasized that using banks to pressure specific businesses severely undermines due process and fundamental rights.
Coinbase CEO Brian Armstrong is currently gathering related records through the Freedom of Information Act (FOIA), following earlier disclosures by Nic Carter, partner at Castle Island Ventures, revealing that the Biden administration had attempted to weaken the crypto industry by targeting Silvergate Bank. Industry insiders widely expect that the incoming administration may reverse the current hostile regulatory stance toward the cryptocurrency sector.
