Banks Accused of Blocking Crypto Access in New ‘Chokepoint 3.0’ Push
Venture capitalist and a16z General Partner Alex Rampell has sounded the alarm over what he describes as a new and covert financial crackdown—this time driven not by regulators, but by big banks themselves.
Dubbed “Operation Chokepoint 3.0,” Rampell claims the effort is a strategic move by traditional financial institutions to suppress competition from the crypto and fintech sectors.
From Washington to Wall Street: A New Front in the Fight
While the Biden administration’s regulatory pressure on crypto—often referred to as “Operation Chokepoint 2.0″—has subsided, Rampell argues that U.S. banks are now taking matters into their own hands. “JPMorgan and others aren’t just seeking more revenue,” he…
