#AltcoinRevelution2028 #Notice The financial boycott: Banks and bitcoin in the crosshairs

Testimonies like that of Chris Lane, former CTO of Silvergate, underline the human and economic impact of the hidden policies carried out as part of Operation Chokepoint 2.0. He recounted that the operation harmed many people, as it was a terrible experience that led to the definitive closure of a bank that, according to him, was solvent and liquid.

As reported by CriptoNoticias, it was in March 2023 when Silvergate Capital Corporation announced the closure of its cryptocurrency payment network. At that time, it was said that, due to a risk-based decision, the determination was made to discontinue Silvergate Exchange Network (SEN), one of the flagship products of the financial institution, whose service clients were well-known companies in the industry, such as Binance.US, Kraken, or Gemini.

There is also the testimony of Marc Andreessen, co-founder of the venture capital firm Andreessen Horowitz, who stated that the Biden administration used financial exclusion. He revealed that “more than 30 founders of cryptocurrency companies were unbanked in the last four years,” and described the practice as a direct attack on legitimate businesses.

Currently, hearings are being held in the U.S. Congress to investigate the practices of the FDIC and the possible unconstitutionality of its actions. This new regulatory process began under the administration of President Donald Trump, who promised to end Chokepoint 2.0 and other adverse rules for the growth of the cryptocurrency industry.

As the United States attempts to close this chapter of regulatory oppression and moves towards a more inclusive and transparent policy, Operation Chokepoint 2.0 leaves us with a clear lesson: innovation cannot be stifled by the fear of change.