Operation Chokepoint 2.0 Crypto Attack Encompasses Joe Biden: Tony Edward
The host of the Thinking Crypto Podcast, Tony Edward, recently made a startling revelation in which he disclosed that the Operation Chokepoint 2.0 attack, which began as a trickle but is now a torrent, was given the go-ahead by higher-ups.
To be more explicit, he asserts that it is the fault of the administration that President Biden is now leading. According to Tony, this explains why the SEC, CFTC, and other organizations are simultaneously chasing crypto firms.
It is crucial to be informed that the government of the United States is supposedly employing the banking sector to prepare this sophisticated and thorough crackdown on the cryptocurrency industry that is being carried out under the codename Operation Chokepoint 2.0.
In addition, the activities of the administration are not concealed; rather, they are provided in an open and transparent manner in the government’s memos, regulatory recommendations, and blog posts.
SEC`s Gary Gensler is also affiliated
In the midst of all of this, Tony Edward asserts that this is the reason why Gary Gensler, the chairman of the SEC, is so fearless and does not worry about the consequences of the acts that he does.
Furthermore, Gensler wants the SEC to have a far larger level of authority and acknowledges that he will have to relinquish some of that power if the regulations are put into effect. Despite this, he will still have managed to retain a considerable chunk of it at that point.
The well-known provider of crypto insights asserts that parties such as Janet Yellen, who is not a fan of cryptocurrencies, are the source of the bad influence on the administration.
However, if Congress follows the actions that are proposed by his thesis, then they will be able to stop this assault. The question of whether or not Congress will take action is thus the most urgent problem.
Tony`s advice
Tony Edward recommends that the people of this area arm themselves and be ready to engage in combat. According to him, the crypto community need to raise as much of a noise about this act as they did when they opposed the infrastructure bill.
In related updates, President Joe Biden will make Federal Reserve Vice Chairwoman Lael Brainard his top economic advisor on Tuesday. Brainard has been directing the U.S. Federal Reserve’s digital dollar research and crypto policy debates.
It is important to note that the Fed has been “closely following recent developments where dangers in the system have crystallized and many cryptocurrency investors have experienced losses,” according to Brainard.
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