Ripple Chief Legal Officer: US regulators are secretly suppressing the crypto industry through banking supervision policies

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Cointime2024/12/02 03:11

By:Cointime

Ripple's Chief Legal Officer Stuart Alderoty recently revealed on social media the "Operation Chokepoint 2.0" action taken by US regulatory agencies against the cryptocurrency industry. He pointed out that since 2021, institutions such as the Federal Reserve, FDIC, and OCC have pressured the cryptocurrency industry through bank regulatory policies, similar to the regulatory measures taken against specific industries such as gun shops in 2012. As a former general counsel for banks, Alderoty stated that the regulatory agencies' claim of "not preventing banks from serving cryptocurrency customers" actually implies "forget about it."

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