Incoming Crypto Czar Calls Out Operation Choke Point 2.0

David Sacks said regulatory efforts to debank the crypto sector should face scrutiny.

Eliminating Operation Choke Point 2.0, the covert U.S. regulatory campaign intended to cut crypto firms off from the banking sector, appears to be on the agenda of David Sacks, the incoming White House Crypto Czar.

On Dec. 6, Sacks tweeted that Operation Choke Point 2.0 “needs to be looked at,” citing the damage it has caused to the web3 and financial industries.

Sacks shared a thread published by Chris Lane, the former CTO of Silvergate Bank.

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