Operation Chokepoint Update: Signature, Kucoin (Patreon)

CHOKEPOINT:

nic carter  - a month ago it was chokepoint - banks discouraged from touching crypto - now it's... decapitation. every pro-crypto bank has been shuttered

SIGNATURE

Friday it was pretty clear that Signature was in the sights of Chokepoint if that is even a thing.  More FUD to come this week. 

This is where we are now:

• Signature Bank has been shut down
• All depositors of Silicon Valley Bank and Signature Bank will be fully protected
• Shareholders and certain unsecured debtholders will not be protected
• New Fed 13(3) facility announced with $25 billion from ESF to backstop bank
  deposits (not sure which magical source this is coming from)

RE KUCOIN

Chokepoint continues…New York Attorney General Letitia James is taking another swing at the digital asset industry with a lawsuit against KuCoin, one of the largest and most popular crypto exchanges. 

James alleges KuCoin cannot legitimately claim to be an exchange because it isn’t registered with the US Securities and Exchange Commission or properly designated by the Commodity Futures Trading Commission as required under New York law. “Today’s action is the latest in our efforts to rein in shadowy cryptocurrency companies and bring order to the industry,” James said in a statement.

TRUST IN MEDIA [BY EXTENSION GOVT]

BITCOIN STATUS