operationchokepoint2

During his father’s second presidential campaign, Eric Trump — EVP of the Trump Organization — admitted that his interest in crypto grew once he saw firsthand how difficult it was for crypto firms to access banking services.
He previously told CNBC that the Trump family entered crypto not as a gamble, but as “a form of resistance,” calling themselves “the most canceled company on Earth.” To him, crypto became a way to counter what he described as systemic financial exclusion.
Trump later told the Wall Street Journal that the same way banks had refused to work with conservatives, they also excluded crypto companies. This echoed what industry leaders call “Operation Chokepoint 2.0” — an effort where regulators allegedly pressured banks to deny services to politically unpopular sectors.
Hester Peirce, SEC Commissioner, urged the agency in December to “stop the chokepoint aspect of government regulation.” Since then, the SEC has shifted gears, halting “regulation by enforcement,” launching a dedicated Crypto Task Force, and even rolling out Project Crypto to modernize securities laws.
Earlier this month, President Trump signed an executive order barring banks from refusing services based on political or religious beliefs. It also instructs regulators to audit institutions for discriminatory practices — a direct blow against financial censorship.
Still, critics argue that Trump-linked ventures — including World Liberty Financial’s USD1 stablecoin and the official TRUMP memecoin — could encourage corruption or pose risks to U.S. financial stability. Yet Trump defends memecoins as a “powerful gateway” into digital assets, saying:
“If somebody wants to buy $TRUMP, congratulations — now you have access to Bitcoin, Ethereum, USD1, and the U.S. dollar.”
He finished by highlighting the potential of real-world asset tokenization (RWA), hinting at the possibility of tokenizing iconic properties like Trump Tower:
“Why can’t I tokenize this and let billions of people invest? They love New York, they love Fifth Avenue, and yes, they love Trump.”
Crypto is once again at the center of U.S. politics — and this time, it may shape the financial future.

On his first day back in the White House, President Donald Trump reversed 78 of Joe Biden’s executive orders, but one surprising holdout left the crypto world buzzing: Executive Order 14067. Known for paving the way for “Operation Choke Point 2.0,” this controversial order has been widely criticized for tightening the screws on crypto, particularly by restricting access to banking services.

Critics argue that EO 14067 empowered U.S. regulators, such as the SEC and FDIC, to aggressively clamp down on crypto firms. Many blame this framework for the collapse of crypto-friendly banks like Silvergate Bank and Signature Bank, leaving the industry in a precarious position.

A Broken Promise? 💬

Crypto enthusiasts were caught off guard by Trump’s decision—or lack thereof. During his 2024 presidential campaign, Trump loudly condemned “Choke Point 2.0” and pledged to scrap it. At the 2024 Bitcoin Conference, he even called it a “death knell for innovation,” promising swift action. But when the moment came, EO 14067 was left untouched.

This has sparked backlash from prominent voices in the crypto community. Analyst Adam Cochran expressed outrage, highlighting Trump’s silence on the issue during his campaign and his first day in office. Many fear that the SEC, FDIC, and other agencies will continue to wield unchecked power over the digital asset space, prolonging the industry’s struggles.

The Official Line 🏛️

Regulators insist that their actions are aimed at “safeguarding the banking system” from risky crypto ventures. But to crypto advocates, the fallout has been undeniable. The closures of key crypto-friendly banks and regulatory heat on the sector feel like a targeted crackdown rather than neutral oversight.

A Mixed Message?

While the crypto world waits for clarity, Trump’s presidency hasn’t been entirely void of crypto-friendly moves. He delivered on a major campaign promise by pardoning Ross Ulbricht, the founder of Silk Road, signaling that crypto isn’t entirely off his radar. However, leaving EO 14067 untouched leaves many questioning whether he’ll follow through on his anti-“Choke Point 2.0” stance—or shift focus to other priorities.

What’s Next? 🧐

For now, the digital asset industry is stuck in legal limbo, still under the shadow of EO 14067. The crypto community remains divided: Will Trump ultimately act to curb regulatory overreach, or is this promise just another unfulfilled campaign slogan?

Until clearer action is taken, uncertainty will likely continue to weigh on the U.S. crypto market. Stay tuned for updates as this story evolves.

Follow @Professor Mende (Bonuz Ecosystem Founder) for the latest news and insights! 🚀

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Imagine: you are a crypto project, you have everything for a start, but the bank says 'we don’t work with you' — and this is no joke. This is how a new crypto conspiracy theory emerged: Operation Choke Point 2.0.
🧩 What is this story about?
🔍 After banks closed accounts of over-the-counter lenders and payment processors in the past, they are now starting to close them for working with crypto — unofficially for years, but massively. The FDIC, Fed, and OCC are reportedly putting silent pressure on the banks.