Along with efforts to limit the exposure of the banking system to crypto, Donalds believes the Federal Reserve is 'laying the foundation for a CBDC.'
United States Congressman Byron Donalds criticized the country's regulatory agencies on April 12 at the NFT.NYC 2023 conference in New York. According to Donalds, agencies like the Securities and Exchange Commission , the Commodity Futures Trading Commission and others are being used to activateOperation Choke Point 2.0 describes the U.S. government's alleged coordinated effort to discourage banks from working with crypto firms under the guise of ensuring safety and stability.
Donalds also labeled SEC chair Gary Gensler as"a very arrogant individual," claiming that"He believes he is the smartest person in every room." Donalds continued:
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