0/ Operation Chokepoint 2.0 involved our banking regulators trying to kill a legal industry and lying about it publicly (ht: Paul Grewal). One of the defenses now rolled out is crypto wants special treatment. Another lie! Here is a short summary on what OCP 2.0 really was:

1/ This is not about special treatment. It is about basic fairness, rule of law, and government transparency. And no, we will not let this go until we fix the governance.

@iampaulgrewal it was also "you don't get a mortgage" hsbc told me they would gladly lend to me if i quit my job

@iampaulgrewal I don't define that as debanking, though. There is a valid (if extremely conservative) argument that novel technological fields and wealth from crypto is subject to high volatility and thus higher default risk. No valid argument to deny checking accounts to make payroll.

@CryptoLawUS @iampaulgrewal Is that his real hair or is it issued with tenure?

@CryptoLawUS @iampaulgrewal Live proof of hair and me judging you for daring to doubt me

@iampaulgrewal The big question is who at the top of the financial food chain pushed this to the minions below? The Fed, JPM, Citi who?

@iampaulgrewal This was almost certainly politically orchestrated and aligned with the priorities of the Biden administration. I doubt it came from the big banks, as they were being banned from doing many kinds of business that at least some wanted to approach (see: BNY custody).

@iampaulgrewal 👏

@CryptoLawUS @iampaulgrewal My #XRP transactions were blocked sooo many times by my bank which it caused me of loosing money on good XRP prices on that time!!!

@iampaulgrewal This is f$&@#d up! It has to stop! We need— an executive order repealing this …