What is 'choke point 2'?

Nic Carter of Castle Island Ventures seems to have been first to term this alleged initiative “Choke Point 2.0.” That refers to Operation Choke Point, an Obama Justice Department effort to lean on banks that served gun manufacturers, payday lenders and other legal but undesirable industries.

Is 'Operation Choke Point 'chemotherapy' for Ponzi cancer?

AUSTIN, Texas — "Operation Choke Point 2.0," the alleged coordinated efforts by the Biden administration to cut the cryptocurrency industry off from the U.S. banking sector, is the Securities and Exchange Commission's "chemotherapy" for a $14 billion "Ponzi cancer," said Oliver von Landsberg-Sadie, founder and CEO of crypto banking firm BCB Group.

Is choke point the SEC's chemo for a giant gap?

Long was another member of the panel. Read full coverage of Consensus 2023 here. "I think Choke Point is the SEC's chemotherapy for a giant gap, for a $14 billion Ponzi cancer, and healthy legitimate organs like Custodia Bank are getting hit," he said.

What happened to the FDIC after choke point?

The Department of Justice launched an investigation of the effort. Ultimately, new restrictions were placed on the power of the FDIC in the wake of Choke Point, in part to settle lawsuits brought by victims of the crackdown.