CandleFocus Coinbase demands records on ‘Choke Point’ conspiracy theory
2024-10-23
Author: Content Editor
Coinbase has filed Freedom of Information Act (FOIA) requests with several US financial regulators, including the Federal Reserve and the Treasury Department, demanding documents and communications exchanged between these agencies in relation to imposing restrictions on deposits from digital asset companies. This comes as part of the wider conspiracy theory known as Operation Choke Point 2.0, which alleges that government and traditional financial institutions conspired to restrict cryptocurrency. However, there has been no concrete evidence to support this theory thus far. The filings by Coinbase seek to gain clarity on how regulatory agencies are approaching digital assets, according to the company's chief legal officer. The article also discusses Coinbase's partnership with Stripe's acquisition of Bridge, which will benefit the use of USDC stablecoin in payment processing.
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