CoinVoice has learned that, according to Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty emphasized that he believes U.S. regulators have meticulously planned to stifle the cryptocurrency industry. In recent years, the cryptocurrency industry has faced significant challenges, which the industry refers to as 'Operation Chokepoint 2.0,' a coordinated effort by U.S. regulators to restrict banking services related to cryptocurrency.
Recently, Alderoty shared his views on Operation Chokepoint 2.0 on the social media platform X, mentioning an initiative from 2012, where it was reported that agencies like the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) pressured banks to stop providing services to certain industries.
Alderoty believes that cryptocurrency has now become the primary focus of such strategies, noting: 'In 2012, regulators (FDIC, OCC, Federal Reserve) used banks as a weapon against disfavored industries (gun shops, payday lenders, etc.) under the initial 'Operation Chokepoint.' Fast forward to 2021: cryptocurrency is the new target.' [Original link]
