๐จ CHOKEPOINT 3.0: A16Z says big banks like JPMorgan are quietly squeezing crypto & jacking up fees and limiting access to banking rails.
๐น Crypto firms report being cut off from basic services like wire transfers and ACH
๐น Banks allegedly flag or delay fiat on/off ramps without clear reasons
๐น Compliance hurdles and "de-risking" used to block access without formal bans
๐น All while banks push their own token projects (JPM Coin, Onyx) and lobby against DeFi
This mirrors tactics from Operation Chokepoint 2.0, except now it's the private sector doing the gatekeeping.$XRP $BNB $SOL
#TrumpTariffs #MarketPullback
๐น Crypto firms report being cut off from basic services like wire transfers and ACH
๐น Banks allegedly flag or delay fiat on/off ramps without clear reasons
๐น Compliance hurdles and "de-risking" used to block access without formal bans
๐น All while banks push their own token projects (JPM Coin, Onyx) and lobby against DeFi
This mirrors tactics from Operation Chokepoint 2.0, except now it's the private sector doing the gatekeeping.$XRP $BNB $SOL
#TrumpTariffs #MarketPullback