The Fed’s Power Grab: Operation ChokePoint 2.0 Still in Full Swing Yesterday, August 8th, a 13-page enforcement action was issued against Customers Bank, one of the few remaining crypto-friendly banking institutions in the United States. The move has raised significant concerns about the future of financial services available to the bitcoin and cryptocurrency industry. The enforcement action is characterized by vague language and complex requirements that obscure its true impact. A close reading of the document reveals a concerning development: the Federal Reserve now requires Customers Bank to provide 30 days’ advance notice before establishing any new banking relationship with

In a stark reminder of the risks in the digital age, AT&T has disclosed a massive data breach exposing the call and text records of tens of millions of its cellphone customers and many non-AT&T customers. The breach, which occurred between May 1, 2022, and October 31, 2022, brings to light critical issues in how and why data is collected and stored, raising questions about the necessity and security of such practices. The Scope of the Breach AT&T’s announcement revealed that the compromised data includes the telephone numbers of “nearly all” of its cellular customers, as well as those of