Here is a prime example of
@HODL 's “fiat is a disease of the mind” and scribes who think they decree the world from on high. Taken from the Operation Chokepoint 2.0 emails released today.
“[…]at this time the FDIC has not yet determined what, if any, regulatory filings will be necessary for a bank to engage in this type of activity. As a result, we respectfully ask that you pause all crypto asset-related activity.”
Their disease has thoroughly eaten away any semblance of “You can just do things” from their thinking.
They expect you to put your livelihood on pause as you wait for some yet to be determined regulations. They are effectively saying, “Find some other way to feed your family while we think about it.”
They don’t know what regulation they want to create out of thin air, but they certainly know that you shall not proceed without it.
Please let this serve as a reminder you get to build the life you want. No matter what. You can just do things. You don’t need anyone’s permission.
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The quote is taken from page 15 of the recently made public Operation Chokepoint 2.0 emails.
https://www.fdic.gov/foia/history-associates-inc-v-fdic-fdics-redacted-pause-letters-january-3-2025
