The truth behind the government’s crypto crackdown

Today’s episode of Wall Street Unplugged is sponsored by Masterworks.com, which gives individual investors access to elite blue-chip art. With inflation on the rise, more and more investors are looking for alternative assets—those proven to hold their value... And fine art has a better track record during high inflation than both the S&P 500 and gold—returning 23% on average vs. 3.8% and 0.2%, respectively. For a limited time, Wall Street Unplugged listeners can skip the art auction waitlist—and get immediate access to what the Wall Street Journal calls one of the “hottest markets on Earth.” See important disclosures: masterworks.com/cd   March Madness is over—and what an incredible tournament it was! I start today’s show with a recap of the Final Four… and share some tough truths about recent NCAA championship games.   Moving onto more serious matters…   As I mentioned last month, Bank of America shut off our banking services with little warning and no explanation. It’s a result of the government’s crackdown on every business even remotely connected to crypto.   After doing some digging, I’m shocked at what’s going on behind the scenes…   I explain how one government “henchman” has gone mad with power… why everyone with a bank account should be worried… and how this unconstitutional attack on the crypto space helped trigger last month’s banking crisis.   This isn’t the first time the government has targeted specific industries in the private sector. We saw the same thing play out during the Obama Administration with Operation Choke Point—when the government investigated banks tied to gun companies and payday lenders. I break down the story… how one law firm successfully sued the government to stop the campaign… and how that same firm is tackling the crypto-related “Operation Choke Point 2.0.” This story is just starting to unfold… and Daniel and I will be uncovering more details in the weeks to come on WSU Premium. If you haven't subscribed yet, you can sign up here: https://secure.curzioresearch.com/checkout/wsup-charter.php?utm_source=Libsyn&utm_medium=230405_wsup_charter_wsumon_inline_post&utm_campaign=2302-WSUP-Charter&utm_term=inline&utm_content=wsu. You can’t afford to ignore this story. In this episode  A recap of the Final Four [0:30] Start building your elite art collection [6:39] Why everyone with a bank account should be worried [8:28] How history is repeating with Operation Choke Point [12:15] How the crypto crackdown contributed to the banking crisis [20:20]   Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/   Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/   Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com