Close Menu
Cryprovideos
    What's Hot

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Greater than 100 crypto hedge funds report banking hurdles prior to now 3 years
    Greater than 100 crypto hedge funds report banking hurdles prior to now 3 years
    Crypto News

    Greater than 100 crypto hedge funds report banking hurdles prior to now 3 years

    By Crypto EditorDecember 20, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Greater than 100 crypto hedge funds report banking hurdles prior to now 3 yearsGreater than 100 crypto hedge funds report banking hurdles prior to now 3 years

    Round 120 hedge funds engaged in crypto reported hurdles in accessing banking companies over the three years, The Wall Avenue Journal reported on Dec. 20.

    The quantity represents roughly 75% of 160 hedge funds not too long ago surveyed by the Different Funding Administration Affiliation (AIMA).

    The survey highlighted that not one of the 20 various traders in different asset courses, together with actual property and personal credit score, reported related challenges. The banking points ranged from unclear communication to outright termination of relationships.

    Among the many crypto hedge funds that encountered points, a little bit over half have been explicitly knowledgeable by banks that their relationships can be terminated.

    Nonetheless, the explanations for these choices have been usually obscure or non-existent. When banks did present explanations, they cited a need to restrict publicity to crypto shoppers or the trade.

    John D’Agostino, head of institutional gross sales at Coinbase and an AIMA board member, emphasised that whereas all affected funds ultimately discovered banking companions, they have been usually smaller or regional establishments.

    Operation Chokepoint 2.0

    Crypto trade gamers always talk about the existence of an effort by the Joe Biden administration referred to as “Operation Chokepoint 2.0,” which allegedly goals to subdue the crypto trade within the US by limiting entry to banking companies.

    Coinbase chief authorized officer Paul Grewal not too long ago launched letters from the Federal Deposit Insurance coverage Company (FDIC) to banks all through 2022, the place the monetary authority urges the establishments to pause or utterly cease crypto-related actions.

    The paperwork have been obtained by a Freedom of Data Act (FOIA) request filed on Oct. 18, which sought clarification on an alleged 15% deposit cap imposed on crypto-friendly banks. Grewal acknowledged that the letters have been proof that Operation Chokepoint 2.0 exists.

    Custodia Financial institution CEO Caitlin Lengthy echoed the sentiment, saying the letters have been proof of a coordinated effort to hinder the crypto trade within the US.

    Austin Campbell, CEO of world digital funds firm WSPN, shared that the AIMA survey additional proves that Operation Chokepoint 2.0 is actual.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025

    Crypto Funds Agency MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025
    Latest Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Donald Trump’s Crypto Czar David Sacks to Deal with Operation Choke Level 2.0

    December 7, 2024

    Grayscale Seeks XRP ETF Approval as Trump-Period Regulators Heat to Crypto – Decrypt

    February 1, 2025

    Trump's Meme Coin Dinner Attracts Protests Calling For Finish to 'Crypto Corruption' – Decrypt

    May 23, 2025

    Subscribe to Updates

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

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

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