Big banks are ramping up fees to access data and move money to crypto and fintech apps, potentially stifling competition in what’s being dubbed “Operation Chokepoint 3.0.” Under Biden, “Operation Chokepoint 2.0” pressured crypto businesses, but Trump reversed the trend. Banks like JPMorgan are charging for basic financial data, hindering innovation and access. Rampell warns of dire consequences without intervention.
Read more at Yahoo Finance: ‘Chokepoint 3.0’ Has Arrived? a16z Warns of Anti-Crypto Bank Tactics