Brian Morgenstern, a Riot Platforms Public Policy Executive has shared insights into how the Joe Biden administration’s Operation Chokepoint 2.0 spread to the Bitcoin mining industry. With the similar aims that the regime’s debanking efforts had, Morgenstern said the goal remains to “unplug” miners from the energy grid. The flag on this government overreach calls for immediate investigation according to Morgenstern.
Operation Chokepoint 2.0 in Bitcoin Mining
In an OpEd by Morgenstern and Sam Lyman, the chokehold in the mining industry started in 2022. They recalled that at the time, the Biden Aministration published a White paper on Central Bank Digital Currencies (CBDCs). The White paper proposed limiting or eliminating Bitcoin mining in the country.
They both highlighted with specificity the Operation Chokepoint 2.0 strategy employed by the Biden White House. This include imposing a 30% tax on the energy that mining firms utilized in their operations. The authors also noted
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