→ Papers

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My latest

Substack, Reactions to Trump’s Debanking Executive Order (Aug. 2025)
On the right and wrong ways to deal with debanking

Substack, The Last Word on Stablecoins and Free Banking (July 2025)
A long missive comparing American, Scottish, and Canadian Free Banking – and how it relates to stablecoins

Pirate Wires, Signature Didn’t Have to Die, Either (Apr. 2025)
Cataloging the four days of chaos that led to the collapse of signature bank during the 2023 regional banking crisis

Coindesk, 8 Reasons a Strategic Crypto Reserve Is a Bad Idea (Mar. 2025)
A further elaboration of my opposition to a Bitcoin – and crypto – reserve

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Operation Chokepoint 2.0

My five-part series in Piratewires on the Biden administration’s crackdown on crypto firms via cover bank regulation

Part I: Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs (March 2023)
I notice the origins of a coordinate crackdown on crypto banking in the wake of the FTX crisis

Part II: Did The Government Start A Global Financial Crisis In An Attempt To Destroy Crypto? (May 2023)
Amidst the banking crisis of 2023, pro-crypto banks Silvergate and Signature are suspiciously shut down

Part III: Inside the Biden Admin’s Plot to Destroy Silvergate and Debank Crypto for Good (Sep. 2024)
More revelations from the Silvergate bankruptcy filings and subsequent action by regulators confirms my suspicions

Part IV: Marc Andreessen and the CFPB: Debunking the Debanking Debunkers (Dec. 2024)
I assess Marc Andreessen’s explosive new claims about debanking

Part V: Signature Didn’t Have to Die, Either (Apr. 2025)
Cataloging the four days of chaos that led to the collapse of signature bank during the 2023 regional banking crisis

Postmortem: Operation Choke Point 2.0 Goes Mainstream (Dec. 2024)
Piratewires’ Brandon Gorrell summarizes my reporting on OCP2.0 and covers the mainstreaming of the thesis

General Overview: Debanking hurts everyone. It’s time to end it once and for all, with Austin Campbell (Dec. 2024)
My op-ed in Fortune giving a general overview of the debanking of crypto firms in Fortune