A16Z general partner claims major US banks are leading Operation Chokepoint 3.0

Description

Andresen Horowitz (a16z) general partner Alex Rampell has warned that major US banks are pushing to restrict crypto innovation and growth. In what he called Operation Chokepoint 3.0, the hedge fund executive claims that major banks represent the next big barrier for the industry. According to him, Operation Chokepoint 2.0, where federal regulators during the Joe Biden administration tried to debank the crypto sector, has already ended. In its place, major banks are now trying to use high fees to...