Imagine: you are a crypto project, you have everything for a start, but the bank says 'we don’t work with you' — and this is no joke. This is how a new crypto conspiracy theory emerged: Operation Choke Point 2.0.
🧩 What is this story about?
🔍 After banks closed accounts of over-the-counter lenders and payment processors in the past, they are now starting to close them for working with crypto — unofficially for years, but massively. The FDIC, Fed, and OCC are reportedly putting silent pressure on the banks.
📬 Hundreds of letters from the FDIC — pause letters — with warnings about the risks of working with crypto businesses? Yes. Companies like Coinbase and Anchorage say: 'This is not about security — it's about control.'
🔒 This is how the mass debanking of crypto companies began. Banks do not officially close accounts, they simply 'freeze' them, restricting access to USD accounts.
💥 Why is this a risk?
🧊 Business is frozen — even if you were working brilliantly, without fiat accounts your business is dead.
📉 Keeping the portfolio stable? Forget it. Crypto projects are switching to stablecoins and P2P, because there's nowhere else to go.
⚠️ Not regulation, but banking censorship — without court, explanations, or lawsuits.
🤔 What’s next?
🗳 A working group in Congress — demands transparency. Senator Warren has already commented: 'This is discrimination, all should have access to banks' (literally).
🧨 OCC is preparing corrections — they promise to clarify the rules, but whether it will work — we will see.
⚖️ Debanking has not ended — the Fed and FDIC are leaving tools for 'silent refusals'.
🤨 Conclusions
The banking system has become the new regulator of crypto — and there are no rules there, only situational decisions.
Crypto without support from banks is like a rocket without fuel. Prepare screenshots from DeFi and assess the risks.
In this struggle, restraint is our weapon. While banks play their games, we — observe, seek ways to circumvent, and maintain our positions.
#OperationChokePoint2 #CryptoUnderAttack #BankingBlacklist #DeFiDefense #FinancialFreedom
