According to BlockBeats, on December 2, as reported by Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty recently exposed the U.S. regulators' 'Operation Chokepoint 2.0' targeting the crypto industry (a government-led crackdown on the cryptocurrency sector).
He pointed out that since 2021, institutions such as the Federal Reserve, FDIC, and OCC have pressured the crypto industry through bank regulatory policies, similar to the regulatory measures taken in 2012 against specific industries like gun shops. As a former Chief Legal Officer of a bank, Alderoty stated that the regulators' claim of 'not preventing banks from servicing crypto clients' actually implies 'don't even think about it.'
According to previous news, a16z co-founder Marc Andreessen revealed on the Joe Rogan show that at least 30 tech founders have had their bank accounts 'cut off' due to involvement in digital currency.
