Custodia Bank founder Caitlin Long has criticized the recent White House meeting with crypto leaders, deeming it ineffective. She highlighted concerns about Operation Choke Point, a U.S. regulatory effort to use financial restrictions to target the cryptocurrency industry.
In response to recent enforcement actions by the U.S. Federal Reserve against the crypto-friendly Customers Bank, Tyler Winklevoss, co-founder of Gemini exchange, also voiced criticism. He pointed out that Operation Choke Point 2.0 continues to suppress crypto activities through financial censorship.
Fed Targets Customers Bank: Crypto Industry Responds
Crypto Industry Criticizes White House Meeting on Regulations
On Thursday, the crypto industry engaged in a heated debate with Democratic leaders during a White House meeting, criticizing their approach to crypto regulations. Reports indicate that U.S. Deputy Secretary of the Treasury Wally Adeyemo and National Economic Council Director Lael Brainard were open to understanding the industry’s concerns.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News