The History of Operation Chokepoint 2.0

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 7 February 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

With a set of recent actions, the FDIC has completely reversed its aggressive anti-crypto campaign, nearly two years to the day after Nic Carter first termed it "Operation Chokepoint 2.0." In this episode, a recently voice losing NLW turns to OpenAI's Deep Research and Google's NotebookLM to do a history of the campaign against crypto. Read the original research paper: https://docs.google.com/document/d/1F_zV0uyI5MRa5TNN3fh8X7EQPKDoD_zOT6JUZi1ryQY/edit?usp=sharing Sponsored by: Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Thursday, February 6th, and today we are talking about the complete
0:22.6	history of Operation Chokepoint 2.0. Before we get into that, however, if you are enjoying the breakdown,
0:27.4	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the
0:31.2	conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to
0:35.1	bit.ly slash breakdown pod.
0:41.8	All right, friends, well, you can probably hear from my voice that we are a little bit decimated over here. After a good run of many months of no kid sickness, the flu has hit the house like a tornado.
0:47.8	More specifically, it's hit my vocal cords, which is just great as a daily podcaster.
0:52.1	Now, even as I was doing them yesterday, I could feel myself
0:55.3	just absolutely shredding my throat. And so today, I had two options. One, just skip it,
1:01.5	try to get better and be back on Friday. Or two, try to do something interesting and different.
1:06.3	Luckily, there are some cool tools out there that change the nature of what we can do for
1:09.9	option two. So today I'm using two AI tools to produce a different type of a show. there are some cool tools out there that change the nature of what we can do for Option 2.
1:16.8	So today I'm using two AI tools to produce a different type of a show. The first is OpenAI's recently released Deep Research. This is a tool that exactly as it sounds goes deep on research
1:22.0	based on a particular prompt. It can take anywhere between 5 and 15 minutes, it cites its sources,
1:28.8	and it produces a comprehensive report. I had noticed yesterday that Nick Carter tweeted, February 6, 2023, I published my first article
1:35.3	on OCP 2.0 in Pirate Wires. February 5th, 2025, we can definitively say that OCP2.0 is over.
1:42.3	He retweeted a set of headlines, FDIC plans to
1:45.5	revise crypto guidelines, FDIC aims to allow banks to engage in some crypto activities, banks met with
1:50.5	officials to discuss crypto custody and tokenized deposits. But lest we forget what happened
1:55.2	over the last two years, I asked deep research to put together a complete history of Operation
	...

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