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‘Anyone Celebrating Chokepoint 2.0 Does Not Believe in the Constitution’, Says Messari CEO

Cointime Official

  Ryan Selkis, the co-founder and CEO of Messari, a leading crypto asset data and research company, expressed concern about those who support "Chokepoint 2.0," suggesting that such individuals may not believe in the Constitution.

"There are 10s of thousands of Americans working full time in crypto who have willed a trillion dollar industry into existence in the past decade with ZERO government or institutional support. Anyone celebrating Chokepoint 2.0 does not believe in the Constitution." Selkis wrote on Twitter.

CEO of Digibuild Robert J Salvador shows support by replying "This was the obvious path for anyone who looked at the incentives. Sad you were one of the only few big voices warning ppl. As our DC reps were saying 'look see this promising report from the EO'".

"Chokepoint 2.0" in the context of the cryptocurrency industry refers to the increased scrutiny and regulation by the US government of businesses operating in the crypto space. The effort aims to address concerns related to fraud, money laundering, and other illicit activities associated with cryptocurrencies. The increased regulatory oversight includes measures such as know-your-customer (KYC) and anti-money laundering (AML) rules, as well as stricter enforcement of existing regulations. The initiative has been controversial, with some in the industry arguing that it could stifle innovation and harm legitimate businesses. However, proponents argue that increased oversight is necessary to protect consumers and prevent illegal activities.

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