Deep Tide TechFlow News, on August 2, according to Bitcoin.com News, venture capital firm a16z accused JPMorgan of squeezing the cryptocurrency industry by charging high fees, an act referred to as "Operation Chokepoint 3.0".

According to the report, these strategies by JPMorgan may block applications like Coinbase and Robinhood from accessing banking data. Venture capital partner Arampell called on the incoming Trump administration to intervene before the banks "stifle competition".