- Cardano’s Charles Hoskinson recently spoke about the Operation Choke Point 2.0 summary.
- The summary was curated by the law firm Cooper & Kirk.
- The document is basically aimed at Congress and also includes recommendations.
Founder of Cardano, Charles Hoskinson, recently spoke about the Operation Choke Point 2.0 summary shared by law firm Cooper & Kirk. In one of his recent live broadcasts on Twitter, Hoskinson spoke about how well Cooper & Kirk summarized the things that have been happening in the cryptocurrency realm. The document by the law firm also includes recommendations to Congress.
Hoskinson summarized the document, highlighting the points mentioned by the law firm. Cooper & Kirk has put forward evidence indicating that the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC) are allegedly involved in a secret financial campaign aimed at the cryptocurrency industry.
The firm contends that the recent failure of banks to accommodate cryptocurrency, the exclusion of cryptocurrency businesses from banking services, and the enhanced surveillance of the cryptocurrency market are not random developments but rather a deliberate and coordinated assault on the cryptocurrency sector.
Hoskinson reads the document, stating that the pattern of events surrounding the closure of cryptocurrency-friendly banks is not random. He also spoke about how the law firm brought Operation Choke Point 1 to a halt.
The document by Cooper & Kirk also speaks about how Operation Choke Point 2.0 violates certain rights and aims to bring down the cryptocurrency industry. It all began with the closure of cryptocurrency-friendly banks, followed by the tight scrutiny of the industry by regulators. This is evident by the recent lawsuit by the Commodity Futures Trading Commission (CFTC) against cryptocurrency exchange Binance.