Operation Chokepoint 2.0

How the FDIC and Biden administration is paving the way for CBDC by sabotaging real crypto through the shutdown of banks that work with it.

Click here to see the full video report on Rumble

Four senators have now written letters to three directors of federal agencies, stating their concerns that an "Operation Chokepoint" type action being run on crypto.  Senator Bill Haggerty, who's taken the lead on this, wrote in the letter 'I'm hearing examples of companies in the crypto space being de-banked by US banks who are caving to political pressure from the left.  If operation choke point taught us anything, it's that under no circumstances should banks be used as partisan tools to kill legal businesses.'

But that's exactly how the federal government operates.  They have a lot of ways to come after you but their preferred method is to go after you financially.  We saw it in Operation Chokepoint when they used banks to try to shut down the firearms industry, and it's looking like they're using the same tactics to go after crypto.

Haggerty went on to say 'Make no mistake, Operation choke point 2.0 is an extreme overreach from the banking regulators. And they should expect to hear from Congress soon.'

In Just the last few days, we've had the second and third largest bank failures in history.  Everybody's talking about them, but nobody's talking about the other bank that was just shutdown, Silvergate.  Silvergate didn't fail, it was shut down by the regulators.  They fell below the arbitrary and subjective debt ratio permitted by the FDIC because they were dealing with crypto.  It's not because they were bankrupt, Silvergate has the money to pay back their customers, not a single penny is going to come out of FDIC.  Silvergate didn't fail, it was shut down because of crypto.  This is Operation Chokepoint 2.0.

Haggerty's letter warned of the White House and federal agencies issuing new 'heightened supervision' resulting in problems for crypto.  Haggerty was referring to a joint statement issued January 3rd, that stated 'Issuing or holding as principal crypto assets, is highly likely to be inconsistent with safe and sound banking practices.'  The federal agencies went on to say in the join statement that 'legal permissibility is necessary, but not sufficient condition for banking activity.'

So the FDIC or these other agencies can shut down a bank if they accuse them of not having 'safe and sound banking practices' because they deal with crypto.  Even if the bank is fiscally sound, as Silvergate was, they can label it unsafe and shut it down.  

Here's a synopsis of Biden's push for CBDC.  In March 2022, Biden told all federal agencies to create a road map of how they're going to implement, sell, and enforce CBDC.  They all got back to him 6 months later with some recommending changing 'safe practices' for crypto.  November 2022, you conveniently had the FTX failure, which I believe was a setup.  January 2023, they say that even though banks are legally premitted to deal with crypto, it's not 'safe and sound' banking practices.  And now, they've shutdown a financially sound bank.  The video gives detail and a timeline for how these attacks have ramped up in the last two months.

Signature bank, SVB, and Silvergate were all heavily involved in crypto.  A lot of people in the crypto sector are scrambling to figure out where they can go from here.  Marco Lim, a crypto hedge fund manager, said that Signature and Silvergate were the 2 largest 'crypto friendly' banks.  Lim claims 'many crypto firms are now combing for banks outside of the US.'  Because they know, just like these senators know, that the Biden administration is going to shut down crypto by hook or by crook.  They'll do it gradually, iteratively, from the inside, using disruption.

There are 20 states with legislation already in place to classify CBDC as money and exclude privately held crypto currencies from being considered money.  Another was just passed by the South Dakota legislature but vetoed by Republican Governor Kristi Noem.

It's the same tactic they used when they redefined 'vaccines' months before COVID.  They're now redefining money before the roll out of CBDC.