The law firm Cooper & Kirk wrote a 35-page letter addressed to the United States Congress. The document is titled “ Operation Choke Point 2.0: Federal Banking Regulators Crack Down on Cryptos “. The authors of the letter accuse US regulators of waging a war on the crypto industry. In a YouTube video released on March 29, Cardano founder Charles Hoskinson comments on the law firm’s letter.
A “fascinating” letter that calls into question the American regulators!
A few days ago, Charles Hoskinson called on crypto industry bosses to react to the regulations. The founder of the Cardano network invited them to mobilize for the American regulators to stop the fees. Now he is commenting fervently on a recent Cooper & Kirk document. Indeed, Charles Hoskinson said the cabinet letter is “ meticulously documented “. He also finds that it offers a ” fascinating read » and that she is « the most detailed he had seen on the subject.
The founder of Cardano urged his viewers to forward the letter to U.S. Congressmen and Senators. He indicated that after all, it is ” an excellent letter to read and send “. He said the document was written in language that lawmakers will certainly understand. ” Once again, this law firm has really outdone itself “, underlined the founder of Cardano.
In conclusion, Hoskinson asserted : “ Just print out the whole document and say, “Hey, you should definitely read this and realize this is happening and it’s an abuse of regulation and they’re taking power away from you, to you, Congress, and make it their own and here is all the risk and damage that has been done” “.
Law firm Cooper & Kirk has indicated that Operation Choke Point 2.0 is currently underway. Also, it would be a campaign coordinated by prudential banking regulators “. According to the firm, the campaign aims to get crypto businesses out of the financial system. It could also be that regulators just want to wage war on the crypto industry. Finally, Cooper & Kirk asks Congress to ” play its supervisory role “. To this end, Congress should hold these agencies accountable “.
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