⚯ Michel de Cryptadamus ⚯Feb 10, 2025

another great (and very detailed) resource on the #debanking and "Operation Chokepoint 2.0" conspiracy theories being wielded against the #CFPB and #FDIC from #PatrickMcKenzie (Patio11).

#NathanMcCauley, the broligarch who runs "crypto bank" #AnchorageDigital, asked Patrick to retract the post. He refused.

* original post: https://www.bitsaboutmoney.com/archive/debanking-and-debunking/
* thread about the retraction request: https://x.com/patio11/status/1888973701342785942
* full story about retraction request rejection: https://www.kalzumeus.com/2025/02/10/retraction-request-denied/

#NerdReich #broligarchs #MarcAndreessen #a16z #VCs #banking #finance #economics #DOGE #elonmusk #BenHorowitz #OperationChokepoint2 #OperationChokepoint

Debanking (and Debunking?)

Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.

Bits about Money
⚯ Michel de Cryptadamus ⚯Feb 9, 2025

Fintech Business Weekly is easily the best outlet covering attacks on #CFPB by crypto creeps like #MarcAndreessen (#a16z) and #BrianArmstrong (#Coinbase). The #debanking and “Operation Chokepoint 2.0” conspiracy theories are being weaponized by these #NerdReich bros to deregulate what is already an incredible fraudulent industry.

https://fintechbusinessweekly.substack.com/p/debankings-dueling-narratives

#Coinbase #a16z #OperationChokepoint2 #operationChokepoint #uspol #finreg #uspolitics #FDIC #crypto

Debanking's Dueling Narratives

New CFPB Acting Director Vought and DOGE Begin Executing Project 2025 Playbook

Fintech Business Weekly
Show thread⚯ Michel de Cryptadamus ⚯Jan 28, 2025

@GottaLaff the crypto bros are big mad about the collapse of #Silvergate and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the #FDIC is called "Operation Chokepoint 2.0" if you want to look into it.

(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to #FTX)

cc @KimPerales ICYMI

i published this 4 months before Signature Bank collapsed: https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a

#SBNY #SI #SignatureBank #Crypto #OperationChokepoint #OperationChokepoint2

Signature Bank, FTX, Binance, and TrueUSD: A Tale of Questionable Judgement

If something is not "not illegal" then what is it?

The Cryptocalypse Chronicles