#TariifHODL #Notice #Info The United States is trying to leave behind the segment of history in which regulatory agencies forced banks to distance themselves from the bitcoin (BTC) industry. That was the reality left by Operation Chokepoint 2.0, a plot worthy of a dystopian novel, in itself a silent war against the digital asset sector.

Operation Chokepoint 2.0, also known as “Chokepoint,” is the term coined by the cryptocurrency industry to denounce what is considered a covert conspiracy aimed at preventing the interaction of digital assets such as bitcoin with the traditional financial system. This operation was justified under the pretext of alleged financial and reputational risks.

The operation was mainly made known through a combination of industry reports, revelations of official documents, and pressure from public figures and the media. However, it should be noted that there was an Operation Chokepoint 1.0 initiated under the Barak Obama administration, between 2013 and 2017, which aimed to oust sectors considered politically controversial, such as arms sales, claiming that there was an alleged reputational risk. This operation was criticized for its lack of transparency and ended by Trump in 2017.

Now, version 2.0, which ran from 2022 to 2024, turned its focus towards the bitcoin sector. According to the allegations, this happened when regulators, such as the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC), urged banks to cut off services to cryptocurrency companies.

To achieve their goals, regulators used actions such as FDIC pause letters that forced banks to stop cryptocurrency-related activities. Regulatory pressure was exerted in a covert manner, using “prestige risk” as a justification for imposing restrictions without a clear legal basis.