BREAKDOWN: The Weaponization of the Banking System

A reading from Nic Carter shows how payments became a tool of policy.

This episode is sponsored by NYDIG.

On this edition of Long Reads Sunday, NLW reads Nic Carter’s latest for CoinDesk “OnlyFans Shows How the Banking System Is Politicized.”

The piece provides the history of Operation Choke Point and how the legacy of financial weaponization persists to today. 

NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at

“The Breakdown” is written, produced by and features NLW. Today’s episode was edited by Michele Musso and Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Peter Dazeley/The Image Bank/Getty Images, modified by CoinDesk.

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