The video discusses Operation Chokepoint and its potential resurgence within the type of Operation Chokepoint 2.0, which targets the crypto trade. The speaker, Tom Hogan, explains how authorities regulators have been pressuring banks to not lend to politically unpopular industries, equivalent to firearms, payday lenders, and crypto firms, regardless that there are not any legal guidelines towards lending to them. He additionally notes that the regulators’ energy has elevated over time, with unelected bureaucrats making and implementing rules that circumvent the democratic course of. The present aggressive stance of regulators could also be as a result of appointment of extra aggressive leaders by the Democrats and the lack to move legal guidelines via the legislative course of. The speaker additionally attracts parallels between Operation Chokepoint and the New Deal’s creation of regulatory companies.

Dan