BTCC
/
BTCC Square
/
decryptCO
/
Fed Drops Crypto Banking Restrictions—’Operation Choke Point’ Officially Dead
Fed Drops Crypto Banking Restrictions—’Operation Choke Point’ Officially Dead
19
3
After years of regulatory shadowboxing, the Federal Reserve just threw in the towel. Its controversial crypto banking rules—dubbed ’Operation Choke Point 2.0’ by industry critics—are being scrapped effective immediately.
No more backroom pressure on banks to blacklist crypto firms. No more creative reinterpretations of BSA guidelines to justify de-risking. Just a quiet Friday afternoon policy reversal that’ll have Wall Street compliance officers scrambling to update their risk models.
Funny how quickly ’systemic risk’ concerns evaporate when election cycles turn and lobbying checks clear. The real question now: Which revolving-door regulator will land that cushy exchange advisory gig first?
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!
By:
