For a systemically important equity index to single out Bitcoin and digital asset companies for deindexing and ineligibility after years of actively blessing their inclusion is discriminatory and capricious. We should call it what it is: Operation Choke Point 3.0 What changed? Why is Bitcoin being singled out when every other commodity-linked industry (oil, gold, agriculture) remains fully index-eligible? If this policy goes through, it will: • Hurt investors by triggering tens of billions of dollars of forced selling in Bitcoin equities and hundred of billions of dollars in lost future gains. • Chill investment in Bitcoin startups and private companies that rely on public-market exits • Deter public companies from holding or using Bitcoin due to fear of index eligibility • Weaken U.S. leadership in a strategically important, fast-growing global industry I find it highly suspect that this policy topic was first published on 10/10, and in my opinion is likely a significant contributor to the market conditions we’ve seen since. Banks and index providers shouldn’t get to shut out an entire industry from 40% of all capital-market dollars, especially when that industry is in direct competition. That’s a clear conflict of interest and absolutely deserves congressional and regulatory scrutiny. We fought and won fair access to banking. We fought and won the Bitcoin ETF. And now we have to fight (and win) for fair access to the investing public.