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International Business Times
International Business Times
Business
Marvie Basilan

What Is Operation Choke Point 2.0 And Why Is Crypto Fuming Over It?

Crypto Marc Andreessen Joe Biden Tyler Winklevoss Donald Trump Bill Hagerty Coinbase Gemini Joe Rogan United States
Operation Choke Point 2.0 (Credit: Bybit/flickr.com)

KEY POINTS

  • Sen. Hagerty previously described OCP 2.0 as the 'coordinated effort' by Biden admin regulators to 'suffocate' crypto
  • Marc Andreessen revealed that some 30 tech and crypto founders have been de-banked under the operation
  • Among the de-banked who have spoken up this week are the Winklevoss twins and Custodia Bank

Every industry has an open secret, and in the case of cryptocurrency, there has been a long-standing discussion over Operation Choke Point 2.0 (OCP 2.0), the alleged joint efforts by some government agencies and banks to trifle the crypto industry's growth.

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