“In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent _Cantero_ decision sheds light on how this legal framework might impact Custodia Bank's appeal against the denial of their master account by the Federal Reserve.” -- Colin Crossman
Recent Supreme Court rulings could provide powerful legal ammunition to combat the excessive regulatory crackdown and unlawful assaults on the Bitcoin and cryptocurrency industry. These verdicts may reshape the battle against Operation Choke Point 2.0, which aims to cut off the crypto market's access to financial services. Additionally, they could influence the ongoing struggle of Custodia Bank, whose application for a Federal Reserve account was rejected, potentially opening new avenues for the bank to challenge that decision. These rulings shed light on the implications for the crypto space and may offer opportunities to counter the overreaching measures threatening its growth and innovation.
Great article by Colin Crossman.
NRA & Cantero in the Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
https://bitcoinmagazine.com/legal/nra-cantero-cases-implications-for-operation-choke-point-2-0-and-custodia-bank
bitcoincuracao / Bitcoin Curaçao
npub16ch…vghv
2024-06-10 16:06:23
Author Public Key
npub16chg6ppwpr4pmkxz92v8jjqkztvhysdc2tl3kgx29xpay45l57wqpgvghvPublished at
2024-06-10 16:06:23Event JSON
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"pubkey": "d62e8d042e08ea1dd8c22a9879481612d97241b852ff1b20ca2983d2569fa79c",
"created_at": 1718028383,
"kind": 1,
"tags": [],
"content": "“In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent _Cantero_ decision sheds light on how this legal framework might impact Custodia Bank's appeal against the denial of their master account by the Federal Reserve.” -- Colin Crossman\n\nRecent Supreme Court rulings could provide powerful legal ammunition to combat the excessive regulatory crackdown and unlawful assaults on the Bitcoin and cryptocurrency industry. These verdicts may reshape the battle against Operation Choke Point 2.0, which aims to cut off the crypto market's access to financial services. Additionally, they could influence the ongoing struggle of Custodia Bank, whose application for a Federal Reserve account was rejected, potentially opening new avenues for the bank to challenge that decision. These rulings shed light on the implications for the crypto space and may offer opportunities to counter the overreaching measures threatening its growth and innovation.\n\nGreat article by Colin Crossman.\n\nNRA \u0026 Cantero in the Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank\nhttps://bitcoinmagazine.com/legal/nra-cantero-cases-implications-for-operation-choke-point-2-0-and-custodia-bank",
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}