Docs showing Biden admin called on banks to ‘pause’ all crypto activity confirms ‘debanking’ suspicions

Leaders in the cryptocurrency space are up in arms over documents that were recently uncovered showing the Biden administration instructed banks not to engage in cryptocurrency business.

The uncovered documents allegedly confirm suspicions that cryptocurrency tech founders were being “debanked” under a program known colloquially as “Operation Chokepoint 2.0.”

Chris Lane, the former chief technical officer of Silvergate Bank, accused federal regulators of contributing to his bank’s collapse after the documents were released Friday.