Trump has appointed Elon Musk-ally, venture capitalist  and former Paypal executive, David Oliver Sacks as AI and crypto tsar. David Sacks will investigate Operation Choke Point 2.0 after accusations that the government is choking out the crypto industry. Chris Lane, Silvergate Bank ex-CTO, said regulators destroyed the bank by forcing it to stop holding crypto deposits even though it survived the FTX collapse. According to Charles Hoskinson co-founder of Cardano and Ethereum and Brain Armstrong Biden administration, led by Elizabeth Warren and Gary Gensler were killing crypto by shutting down banks that work with the industry.

The fallout from Operation Choke Point 2.0 is a reminder of how quickly an entire industry can be brought to its knees when financial access is weaponized, pressured by government with threats of audits and regulatory scrutiny looming over their heads.