Operation Chokepoint 2.0: The Crypto Crackdown Explained by Thomas Hogan | Kate Wand
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Show Notes
This episode discusses Operation Chokepoint and its possible resurgence in the form of Operation Chokepoint 2.0, which targets the crypto industry. The speaker, Tom Hogan, explains how government regulators have been pressuring banks not to lend to politically unpopular industries, such as firearms, payday lenders, and crypto companies, even though there are no laws against lending to them. He also notes that the regulators' power has increased over time, with unelected bureaucrats making and enforcing regulations that circumvent the democratic process. The current aggressive stance of regulators may be due to the appointment of more aggressive leaders by the Democrats and the inability to pass laws through the legislative process. The speaker also draws parallels between Operation Chokepoint and the New Deal's creation of regulatory agencies.
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*** Please note that the opinions expressed in this podcast are solely those of the host and her guests. They do not necessarily reflect the views of the American Institute for Economic Research. The content presented in this show is intended for educational purposes only, and should not be considered as financial advice. ***
0:00 - why do they hate crypto?
1:07 - operation chokepoint
8:17 - chokepoint 2.0
12:02 - the new deal parallels
15:38 - regulators motives
17:10 - bitcoin / alt currencies
22:14 - all about control
24:44 - gary gensler & regulators
27:43 - climate change
30:47 - securities
31:53 - nic carter article
36:32 - Fednow
42:45 - CBDC