ChokePoint 2.0: The investigation of the truth about the largest conspiracy for Crypto is

Few will now intend that encryption companies have faced a problem in reaching financial services in the United States – very many tales. But the Congress remains firmly proven. While Trump and Other politicians They have spoken in terms of the theory of CochkePoint 2.0 have proven conclusively, no evidence of smoking – whether it is documentary evidence or a testimony from the inside.

In the session held by the Parliamentary Financial Services Committee on February 6, the discussion has repeatedly returned to 700 pages of documents It was issued by FDIC, in part in response to a request submitted under the Information Freedom Act by Crypto Excination Coinbase. The documents are speeding up FDIC contacts with banks on encryption during Biden presidency.

The document load contains messages in which FDIC sent banks to stop plans to provide various encryption services to customers. In other examples, the organizer asked long lists of questions to banks about their encryption activities.

There are no explicit instructions for banks to block or withdraw accounts from encryption companies in documents, however The executive officials in the industry argued The impression granted to banks of the general doubt about the encryption in FDIC had the same practical effect.

“The temporary suspension messages show that, over and over, the banks were not subject to regulations by examining but the organization of exhaustion,” said Paul Groal, the chief legal official of Coinbase, in his testimony. “You have a question after the question that was raised.”

This perception that FDIC was likely to be subject to encrypted banks to increase the audit was sufficient for financial institutions to report that the troubles of working with encryption companies did not deserve the revenues they would get, and others claimed.

“These efforts make the non -economist to serve the encryption industry. Austin Campbell, assistant professor at the College of Business Administration and CEO of Crypto Payments, said, while there is a legal embargo, but there is a job embargo.”

In a separate hearing held by the Congress Committee itself on February 12, supporters of the Counto ConkePoint 2.0 process received the closest to confirmation of discrimination facing the encryption companies, as Caitlin Long, CEO CUSTODIA, claims a bank that focuses on encryption in one Constant license dispute With a federal reserve.

“We are all shocked by the number of complaints and their breadth … We do not tell banks that they cannot need some people or anything like that. Powell, Chairman of the Federal Reserve, said in his testimony:“ However, we hear (that encryption companies are done Its bank accounts rejected it. “” I am at least real. We need to understand it, and prevent it from happening. “

However, not everyone thinks that conspiracy is the most likely explanation for caution or aversion to encryption between banks.

“I don’t think there is any conspiracy,” says Mercedes Tonstal, a partner at the law firm Kaddader, a former attorney at Bank of America and HSBC. “You have a real concern about money laundering, fraud and terrorist financing that occurs with the encrypted currency.”