David Sacks, the newly appointed crypto czar in Donald Trump’s administration, vows to tackle Operation Chokepoint 2.0. In an X post on December 7, 2024, Sacks emphasized the necessity to address the increasing number of issues caused by the government’s Operation Chokepoint 2.0. The term refers to the government’s efforts to cut off crypto platforms’ financial ties with banking institutions.<a href="https://x.com/DavidSacks/status/1865199683087245405" rel="noopener noreferrer nofollow"> </a>Yesterday, Trump<a href="https://cryptotale.org/what-is-crypto-czar-and-why-did-trump-pick-david-sacks/" rel="noopener noreferrer nofollow"> announced </a>David Sacks, the former PayPal Chief Operating Officer, as the US’ first-ever White House AI and Crypto Czar. Trump’s pick aligned with his crypto-friendly policies as he stated, “He [Sacks] will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.” Sacks’ deep understanding of technology and innovation sparks optimism in the <a href="https://cryptotale.org/trumps-crypto-advisory-council-industry-leaders-compete/" rel="noopener noreferrer nofollow">crypto community</a>.In his recent X post, Sacks highlighted multiple instances that inflicted harm to individuals by Chokepoint 2.0. This highlights the emergency of reforming the policies as crypto businesses face increasing hostility from banks. Reacting to Sacks’ post, Wayne Vaughan, co-founder and CEO of Tierion, <a href="https://twitter.com/WayneVaughan/status/1865200183224488138?t&#61;8SWJQSSi-1aJpbDEetg06w&amp;s&#61;19" rel="noopener noreferrer nofollow">commented</a>, “The US government shouldn’t weaponize the banking system against its political opponents and people that are deemed otherwise undesirable.”<a href="https://cryptotale.org/crypto-czar-david-sacks-to-fight-operation-chokepoint-2-0/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Czar David Sacks To Fight Operation Chokepoint 2.0

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