CandleFocus Donald Trump’s Appointed US Cryptocurrency Official Makes a Statement
2024-12-07
Author: Content Editor
The Trump-appointed crypto chief, David Sacks, has criticized the alleged effort by U.S. regulators to limit banking access for crypto firms. He expressed concerns about the negative impact of these measures and called for a fair and inclusive banking environment for crypto companies. Operation Choke Point 2.0, seen as a modern version of the original program implemented during the Obama administration, has faced criticism for stalling innovation and potentially damaging the U.S.'s position in the global digital economy. Prominent crypto commentator Chris Lane and Sacks argued that regulatory actions played a significant role in the collapse of Silvergate Bank, a key player in cryptocurrency transactions.
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