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Stablecoins are a critical countermeasure to Operation Chokepoint

Published 06/02/2023, 01:24 PM
Updated 06/04/2023, 03:00 PM

Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.

How things panned out with Silvergate, Silicon Valley Bank and Signature — the three crypto-friendly U.S. banks — reeks of what Nic Carter called “Operation Chokepoint 2.0.” There’s good merit to this claim, though naysayers peddle conspiracy theory allegations with much harshness.

Sarah Austin is the co-founder of QGlobe Games, a Steam-modeled gaming platform for crypto. She was the founding CMO of Kava Labs, the founding CEO of Pop17.com and the original community builder for Twitch. She graduated from the Dominican University of California before obtaining a data science certification from John Hopkins University.

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