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Proof of Operation Chokepoint 2.0
Newly released documents from the FDIC show a concerted federal effort to de-bank crypto companies, showing long-held theories were correct. Updated Dec 6, 2024, 8:43 p.m. UTC Published Dec 6, 2024, 7:49 p.m. UTC So, now we know. Operation Chokepoint 2.0 was real. There really was a co-ordinated federal government effort to de-bank crypto following the collapse of three mid-sized crypto-friendly lenders (Signature, Silvergate and Silicon Valley Bank) in March 2023. The crypto industry, led by VC-commentator Nic Carter, has long suspected and railed against de-banking. But, until today, we didn’t have much documentary evidence. Friday morning, internal communications at...
Did Hawk Tuah Crypto Debacle Eclipse Bitcoin's $100K Moment?
BTC's big milestone captured global headlines. So why were my friends more interested in Hawk Tuah coin? Updated Dec 6, 2024, 6:07 p.m. UTC Published Dec 6, 2024, 6:01 p.m. UTC One bitcoin is worth $100,000 — a milestone that has crypto OGs in a tizzy. Donald Trump is selling DOGE T-shirts. It's a frenetic time for crypto. But what are my non-crypto friends texting me about? "Hawk Tuah" coin. Yep, in a very unscientific sample size of the seven friends who texted me — unsolicited — about crypto this week, six essentially asked: "What's the deal with Hawk Tuah...
Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash
The Fifth Circuit's decision is a victory for privacy, financial freedom, and the rule of law, says Zack Smith, senior legal fellow at The Heritage Foundation. Updated Dec 6, 2024, 9:56 p.m. UTC Published Dec 6, 2024, 9:53 p.m. UTC Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it “overstepped its congressionally defined authority”...
