Ripple CTO Blasts Chokepoint 2.0: ‘A Despicable Evil’ in Crypto Banking

Quick Summary:

Ripple’s Chief Technology Officer (CTO) David Schwartz criticized "Operation Chokepoint 2.0,” calling it a form of indirect government regulation.

Schwartz argues that governments are pressuring banks and financial institutions to deny services to certain individuals or businesses, even without evidence of wrongdoing.

In an X post, Schwartz condemned this practice as a “despicable evil” that […]

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: India

Topics: Crypto Regulation XRP News Market News Market News Elon Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 07:30:00 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 119 words

Reading Time: 1 minutes read

Sentences: 52 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23965690

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 5 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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