Congressional Budget Office

Gov. Collusion To Kill Crypto

Let’s go back to 2012. Operation Choke Point was a coordinated campaign by the FDIC, the OCC, and the Board of Governors of the Federal Reserve System that aimed to use banks to target industries that were out of favor with the administration, including gun stores, pawn shops, tobacco stores, payday lenders, and other brick-and-mortar businesses.

The law firm Cooper and Kirk challenged Operation Choke Point and ended the weaponization of the Federal Reserve, FDIC, and OCC. 

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