reSee.it - Tweets Saved By @SMQKEDQG

Saved - March 2, 2025 at 2:31 PM
reSee.it AI Summary
Operation Choke Point 2.0 is set to be exposed with unredacted FDIC documents revealing a systematic effort to stifle crypto innovation under the guise of financial risk management. Recent redacted emails have already indicated misconduct, prompting the U.S. House Committee on Oversight and Government Reform to investigate further. By March 13, the full documents will disclose which banks were pressured and which crypto services were shut down. This could lead to significant shifts in crypto regulation, as the FDIC's actions have hindered U.S. financial innovation while other countries advance.

@SMQKEDQG - SMQKE

‼️ OPERATION CHOKE POINT 2.0 EXPOSED—UNREDACTED FDIC DOCUMENTS TO REVEAL THE TRUTH BY MARCH 13‼️ The reckoning for America’s crypto crackdown is here.😶‍🌫️ Within days, UNREDACTED EMAILS AND LETTERS FROM THE FDIC—documents the government fought to keep hidden—will expose a deliberate effort to strangle crypto innovation under the guise of financial risk management.💯 The first cracks in the cover-up appeared on February 5, when redacted emails surfaced. Even with key details blacked out, the evidence was damning.🔒 The response was immediate. By February 27, the U.S. House Committee on Oversight and Government Reform had already flagged alarming misconduct, moving swiftly to assess the full scope of regulatory abuse.😮‍💨 The speed and intensity of their response make one thing clear—this administration is serious about exposing both the victims and masterminds behind Operation Choke Point 2.0.🎯 And now, the moment of truth is coming. By March 13, the full, unredacted documents will be public, revealing exactly which banks were pressured, which crypto services were shut down, and who inside the government gave the orders.🤯 The significance? Names will be named.✅ Timelines will be exposed.✅ And the shadow campaign to crush crypto in America will finally be dragged into the light.🔑 With the market at a breaking point in 2025, these revelations could force the biggest shift in crypto regulation yet.🙏 It will ignite the policy overhaul needed to break crypto free from bureaucratic stranglehold—once and for all.📝👇

@SMQKEDQG - SMQKE

The FDIC’s Secret War on Crypto: How the Agency Crushed Innovation in American Banking: 🧵 For decades, the Federal Deposit Insurance Corporation (FDIC) has positioned itself as a guardian of financial stability, insuring over $10 trillion in deposits across more than 4,600 U.S. banks. As an independent agency, the FDIC operates under the oversight of the Federal Reserve, the U.S. Treasury, and Congress, giving it broad authority to regulate banks and control access to financial markets. 🙇‍♂️ Newly uncovered documents, released this month (February 2025) show that the agency used this power to block banks from adopting blockchain technology, preventing them from offering crypto-related services and slowing financial innovation in the United States.🎯 A Freedom of Information Act (FOIA) request uncovered 790 pages of internal FDIC communications, exposing a coordinated effort to pressure banks into avoiding crypto. The agency justified its actions as “risk management” but imposed restrictions that had no clear approval process or end date. The FDIC sent “pause letters” to more than 25 banks between 2022 and 2024, ordering them to halt or delay crypto-related activities. Internal emails confirm that these restrictions were part of a broader effort to limit blockchain adoption. The FDIC backed these efforts with restrictive policies. While the FDIC imposed these restrictions, other countries moved forward. Switzerland, Singapore, and the UAE welcomed digital assets and positioned themselves as leaders in financial innovation. The U.S. banking sector, unable to compete under FDIC constraints, abandoned or delayed projects that could have reshaped the industry. Bitcoin trading platforms, blockchain-based settlement systems, tokenized deposits, and crypto-backed financial products never reached consumers.😕 For a closer look at the specific emails that reveal the FDIC’s behind-the-scenes efforts to block blockchain adoption and crypto-related activities, see the thread below. These emails highlight the agency’s strategy and internal discussions that were previously hidden from public view. By examining these communications, it becomes clear just how deeply the government has been involved in shaping the crypto landscape—often at the expense of innovation and progress in the financial sector.📝👇

@SMQKEDQG - SMQKE

‼️MAJOR SIGN THAT U.S. CRYPTO REGULATIONS ARE NEAR‼️ The U.S. House Committee on Financial Services has sent a letter to FDIC Chairman Martin J. Gruenberg, demanding information about the FDIC’s sudden shift on digital asset regulations. 🙇‍♂️ The Committee is pushing to uncover…

@SMQKEDQG - SMQKE

Source: https://oversight.house.gov/wp-content/uploads/2025/02/2025-02-27-Letter-to-FDIC.pdf

Page not found - United States House Committee on Oversight and Accountability oversight.house.gov
Saved - February 24, 2024 at 9:29 PM

@SMQKEDQG - SMQKE

Internet = Infinite scalability = infinite volume The basis of the Interledger Protocol. XRP = meant to be scaled to 7 billion people All the money 💨💨💨💨 https://t.co/kdM9d29Fb2

Video Transcript AI Summary
We developed technology called interledger to address cross border payment challenges without needing a universal blockchain. Ripple's decentralized model is infinitely scalable, using XRP for high-speed transactions. This approach aims to serve the global population of 7 billion people, projected to reach 9 billion by 2050.
Full Transcript
Speaker 0: Configured our technology in a way that really fits the problem of cross border payments ability very, very well. So for the cross border payment challenge, we created an open Internet model. We called the idea interledger. So interledger, like the Internet, supports our Ripple technology globally. And that model does not require a single universal common blockchain. It requires a very open blockchain interconnectivity. And that means that the volume is theoretically Internet. Is that the Internet never runs out of, capacity elements do, but the Internet's the worst because it's inherently decentralized. So Ripple is the same. During the centralized model, it is infinitely scalable. Supporting that we have our liquidity proposition which uses XRP and that's a classic blockchain, but XRP was designed from the outset of transacting. So, unlike the likes of Bitcoin, which is like very slow and slows down as you as you continue to build on volume, the XRP model is very, very, very high speed and very high capacity. So the equity part is very adequately served by the XRP model. The wider network we're creating, where if you're really gonna create something of value for 7,000,000,000 people in the world of 9,000,000,000 by 2050.
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