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TFTC: A Bitcoin Podcast

#540: Exposing Operation Chokepoint 2.0 with Caitlin Long

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 25 September 2024

⏱️ 85 minutes

🧾️ Download transcript

Summary

Marty sits down with Caitlin Long to discuss how Elizabeth Warren and crew kicked off financial panic by targeting crypto banks.


Caitlin on Twitter: https://x.com/CaitlinLong_

Custodia: https://custodiabank.com/

Paul Clement amicus brief: https://storage.courtlistener.com/recap/gov.uscourts.ca10.88322/gov.uscourts.ca10.88322.10011074966.0.pdf

Custodia brief: https://storage.courtlistener.com/recap/gov.uscourts.ca10.88322/gov.uscourts.ca10.88322.148.0.pdf


0:00 - Intro

1:39 - Overview on the Silvergate situation

6:13 - First highlight from the document

10:23 - Recap on Silvergate from the beginning

15:50 - River & Unchained

17:05 - Why crypto banks are targeted

22:35 - Stories from the legal frontline

25:17 - Architects of Choke Point 2.0 and the damage they caused

39:11 - Will justice be served?

45:29 - Gradually, Then Suddenly & Zaprite

47:06 - Crypto was the target and taxpayers felt the pain

54:51 - Political possibilities

1:03:34 - Pushing back on state overreach

1:13:46 - Clearing the way for mining

1:16:49 - The banks can't handle bitcoin

1:20:25 - Get the word out


Shoutout to our sponsors:


River

https://river.com/tftc

Unchained

https://unchained.com/concierge/

Zaprite

https://zaprite.com/tftc

Gradually, Then Suddenly

https://thesaifhouse.com/gradually


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Transcript

Click on a timestamp to play from that location

0:00.0

This is a scandal. Elizabeth Warren and her crew touched off a financial panic because they were trying to kill off the crypto industry.

0:08.0

And they succeeded. They kicked off the biggest bank run in decades. None of that would have happened, I think, had the Fed not. And why do they get away with it? Because the banks, guess what the Fed said about us in private.

0:23.7

Why they're targeting this industry particularly?

0:26.2

Well, Elizabeth Warren said it herself.

0:28.2

She wants a central bank digital currency.

0:30.2

But then I had a conversation in recent months with someone who was at the table and told me what really happened. It was 100%, but here's the

0:40.0

punchline. They're doing it again.

0:53.3

This rip of TFTC was brought to you by River.

0:56.0

It's the best place to buy Bitcoin.

0:58.0

Go to river.com slash TFTC and enjoy this episode.

1:02.0

You've had a dynamic where money has become freer than free.

1:12.6

When you talk about a Fed just gone nuts, all the central banks going nuts.

1:18.6

So it's all acting like safe haven.

1:20.6

I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins.

1:27.8

In the world of fiat currencies, Bitcoin is the victor.

1:31.7

I mean, that's part of the bold case for Bitcoin.

1:34.3

If you're not paying attention, you probably should be.

1:38.9

Caitlin, it's been too long, but we're back having you on TFTC and to talk about something very important, something that has been somewhat brushed under the rug since the first quarter, second quarter of 2023, which is, uh, the, the banking crisis that unfolded.

1:59.1

Obviously, big headlines are Silicon Valley Bank, First Republic, but there were a few banks,

2:06.5

or a couple banks, particularly Silvergate and Signature Bank, which were heavily involved

2:12.3

with Bitcoin and crypto businesses banking them, providing services to the industry that many have

2:19.4

surmised were taken behind the shed and shot in the head somewhat unlawfully or they were

...

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