Market Cap
24h Vol
5704
Cryptocurrencies
54.97%
Bitcoin Share

David Sacks Joins Call to Investigate Operation Choke Point 2.0

David Sacks Joins Call to Investigate Operation Choke Point 2.0


Coin Edition
2024-12-07 14:00:00
David Sacks Joins Call to Investigate Operation Choke Point 2.0

David Sacks calls for a closer examination of Operation Choke Point 2.0. Chris Lane, former CTO of Silvergate, revealed how regulators abruptly dismantled the bank’s crypto-focused business model. Lane described the shutdown as a “bait and switch,” citing Silvergate’s solvency before regulatory intervention. David Sacks, the newly appointed White House Crypto Czar, has joined calls to investigate Operation Choke Point 2.0, highlighting its potential harm to the crypto industry. Sacks voiced his concerns in a tweet on X (formerly Twitter), responding to Chris Lane, son of former Silvergate CEO Alan Lane. “There are too many stories of people being hurt by Operation Choke Point 2.0. It needs to be looked at,” Sacks wrote. There are too many stories of people being hurt by Operation Choke Point 2.0. It needs to be looked at. https://t.co/IhCdyQfx0g — David Sacks (@DavidSacks) December 7, 2024 Silvergate’s Collapse Sparks Broader Concerns Chris Lane’s post provided a firsthand account of Silvergate Bank’s shutdown. He described how regulatory actions in early 2023 dismantled the bank’s operations, which had been centered around serving digital… The post David Sacks Joins Call to Investigate Operation Choke Point 2.0 appeared first on Coin Edition .

Most Read News

Related News


script type="text/javascript"> atOptions = { 'key' : '2a29386f0570b10dd6817f8b71218348', 'format' : 'iframe', 'height' : 250, 'width' : 300, 'params' : {} }; document.write('');
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.