TechFlow reported on December 2 that, according to Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty recently exposed on social media the U.S. regulators' "Operation Chokepoint 2.0"—a government-led crackdown targeting the cryptocurrency industry.
He pointed out that since 2021, agencies such as the Federal Reserve, FDIC, and OCC have pressured the crypto sector through banking regulations, mirroring tactics used in 2012 against specific industries like gun shops. As a former bank general counsel, Alderoty stated that regulators' claim of "not preventing banks from serving crypto clients" effectively means "don't even think about it."
Previous reports indicated that Marc Andreessen, co-founder of a16z, revealed on the Joe Rogan podcast that at least 30 tech founders have had their bank accounts cut off due to involvement with digital currencies.
