CandleFocus Ripple CTO Offers Hot Takes on Operation Chokepoint 2.0
2024-11-30
Author: Content Editor
David Schwartz, the CTO of Ripple Labs, criticized Operation Chokepoint 2.0, a government initiative that pressures banks to sever ties with certain businesses in the crypto industry. He argued that this approach undermines due process and constitutional rights, as it allows the government to punish businesses without proof of wrongdoing or formal charges. Schwartz called for the end of all indirect regulation, warning about the potential long-term consequences and advocating for legal safeguards to protect constitutional rights.
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