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Did the Fed Just Institutionalize Operation Choke Point 2.0?

Did the Fed Just Institutionalize Operation Choke Point 2.0?

The Breakdown

August 9, 202314m 5s

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Show Notes

On the same day that bitcoin surged more than 3%, the Federal Reserve released some new guidance for banks it regulates around interacting with crypto and stablecoins. Does this clear a path for more active engagement or is it just codifying Operation Choke Point 2.0's pressure on banks to stay away from the sector.

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