Think Biden Turned Pro-Crypto? Lawyer Exposes Ongoing Operation Chokepoint 2.0
Summary
Scott Johnsson, a finance lawyer, criticizes the Biden administration's stringent regulatory actions towards the crypto sector, highlighting the rejection of the "fair access" banking rule and aggressive enforcement actions against major exchanges. The SEC's broad application of securities law against crypto entities and the Treasury's expansion of "broker" definitions could severely impact DeFi platforms. The DOJ's departure from established FinCEN guidance and legislative maneuvers signal a potentially hostile environment for blockchain privacy innovations. Regulatory agencies and political figures are collectively imposing obstacles that hinder the potential for Bitcoin and crypto in the US.
