• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Historic Crypto Approval = New Bitcoin High Soon

    2025-07-22

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Bitcoin cannot be stopped – Regulators will only be playing Whack-a-Mole: Caitlin Long
Regulation

Bitcoin cannot be stopped – Regulators will only be playing Whack-a-Mole: Caitlin Long

2023-03-24No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Belgium to introduce new crypto ad regulation
Share
Facebook Twitter LinkedIn Pinterest Email

Ad

CoinDesk Consensus

The founder of crypto-friendly Custodia Bank, Caitlin Long, said regulators would “be playing Whack-a-Mole” with problems if they continued to suppress Bitcoin (BTC).

War on crypto

Recently, a spate of regulatory enforcement actions raised suspicions of a coordinated attack on the U.S. crypto industry. Most recently when the SEC served Coinbase a Wells Notice on March 22.

Bitcoin bull Anthony Pompliano described “Operation Chokepoint 2.0” as a program that bypasses laws and democratic due process to enforce political views. He conceded that there had been no official confirmation of such a program, nor did he expect acknowledgment of its existence from officials.

“It references an Obama-era program that used the banking system as a way to essentially implement political views or legislation without having to go through the legislative process.”

Former Federal Deposit Insurance Corporation (FDIC) chair, William Isaac — who served between 1981 and 1985 — said Operation Chokepoint (1.0) was not about countering fraud and protecting consumers. Instead, it was a proxy attack on industries “deemed undesirable.”

“To target entire industries deemed undesirable by putting regulatory pressure on the banks that serve them.”

Partner at Castle Island Ventures, Nic Carter, was the first to connect the dots. He said “a new Operation Choke Point type operation” has been in force since the start of 2023 — adding that it is a deliberate attempt to stifle the crypto industry.

“It is a well-coordinated effort to marginalize the industry and cut of its connectivity to the banking system – and it’s working.”

Custodia gets rejected

On January 27, Custodia Bank’s application to join the Federal Reserve System was rejected. Later that day, the Kansas City Fed denied Custodia’s master account application.

See also  Bitcoin (BTC) Flashing a Potential ‘Impulsive’ Move to the Upside, Says Top Crypto Trader – Here Are His Targets

A master account enables access to the Fed wholesale payment network without needing a bank to act as an intermediary.

Speaking to Pompliano, Long said before the rejections, Custodia was told to withdraw its applications or they would be “voted down.” Similarly, the fact that the two rejections happened in quick succession is evidence of coordination, Long said.

Furthermore, since then, she pointed out the crypto industry has had a “blanketing” of enforcement actions — making it clear that Operation Chokepoint 2.0 is real.

“We’ve seen it with the actions against Paxos, actions against the stablecoin issuers, actions against Kraken between the IRS and SEC, most crypto exchanges got Wells Notices in early February.

Regulators can’t stop Bitcoin

Responding to Bitcoin “fixing this,” Long said despite the damage that has been done, recent BTC price spikes demonstrate authorities have no power to shut it down.

She said regulators and those pushing the anti-crypto agenda refuse to accept they will lose control over this. Instead of embracing change, they try to keep people stuck “on old technology.”

Fiat and crypto will co-exist, but by forcing U.S. crypto firms overseas, regulators are storing up problems for themselves in the long term, Long said.

“The sad thing is, by shoving it all offshore, they’re going to be playing Whack-a-Mole, and frankly, there are going to be exposures, probably through correspondent banks, that they didn’t know existed.”

Bitcoin Caitlin long playing regulators stopped WhackaMole
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Don’t You Dare Store Your Crypto Like This!

2023-10-30

Sign Up Here for the CT Club! https://learningcrypto.com ✴︎Trezor hardware wallet …

Blockchain

Beam aims to become the new blockchain gaming hub on Avalanche

2023-04-18

Blockchain Merit Circle announced a new development from its decentralized autonomous organization: Beam, a gaming-focused…

DeFi

Flamingo publishes 2024 roadmap, forthcoming staking feature and order book updates

2024-01-22

Flamingo Finance has released its roadmap for 2024, which includes the launches of Orderbook+ v2;…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,543.49
ethereum
Ethereum (ETH) $ 3,746.44
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 782.38
solana
Solana (SOL) $ 186.24
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237364
staked-ether
Lido Staked Ether (STETH) $ 3,742.93
tron
TRON (TRX) $ 0.317618
bitcoin
Bitcoin (BTC) $ 117,543.49
ethereum
Ethereum (ETH) $ 3,746.44
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 782.38
solana
Solana (SOL) $ 186.24
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237364
staked-ether
Lido Staked Ether (STETH) $ 3,742.93
tron
TRON (TRX) $ 0.317618