What was Operation Choke Point 2.0 in crypto?

Feds pressured banks to cut off lawful crypto firms—no formal process, echoing 2013 gun-lender crackdown. Debanked innovators, hurt consumers.

Did Biden policy stop crypto scams?

Nope—FTX grew huge under it. Bad actors thrived in rule vacuum; good ones fled.

Will clearer crypto rules boost US innovation?

Absolutely. Like MiCA in EU, it pulls firms home—predicting DeFi boom by 2028.

🔗 Crypto & Blockchain

How Biden's Crypto Hostility Drove Scammers Underground—and Innovation Offshore

Ever wonder why Sam Bankman-Fried dined with regulators while honest crypto builders fled the US? Biden-era policy turned clarity into chaos, handing wins to the worst actors.

Fintech Dose Apr 07, 2026 3 min read

Broken regulatory chains unleashing crypto fraudsters while innovators flee offshore

⚡ Key Takeaways

Biden's enforcement-only approach empowered fraudsters like SBF while driving legit firms offshore. 𝕏
Operation Choke Point 2.0 debanked underserved users, stifling financial inclusion. 𝕏
Clear rules, not hostility, will reclaim US crypto leadership—big banks already betting big. 𝕏

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Fintech Dose

Markets. Money. Innovation.

#Biden crypto policy #FTX collapse #FTX scandal #Operation Choke Point #crypto regulation

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Originally reported by CoinDesk

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