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3232Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses
https://www.digit.info/law-firms-white-paper-claims-us-bank-regulators-are-waging-a-clandestine-financial-war-against-crypto-businesses/
Tue, 28 Mar 2023 22:00:29 +0000https://www.digit.info/2023/03/28/law-firms-white-paper-claims-us-bank-regulators-are-waging-a-clandestine-financial-war-against-crypto-businesses/Read more]]>According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with […]
]]>Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’
https://www.digit.info/goldman-and-interactive-brokers-execs-claim-wallstreetbets-trend-could-take-down-the-system/
Sun, 31 Jan 2021 20:00:32 +0000https://www.digit.info/2021/01/31/goldman-and-interactive-brokers-execs-claim-wallstreetbets-trend-could-take-down-the-system/Read more]]>The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.” Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week […]
]]>Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System
https://www.digit.info/massive-gamestop-short-squeeze-highlights-the-fragility-of-todays-financial-system/
Wed, 27 Jan 2021 20:30:41 +0000https://www.digit.info/2021/01/27/massive-gamestop-short-squeeze-highlights-the-fragility-of-todays-financial-system/Read more]]>The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s stock. However, members of the Reddit forum called […]