๐จ Chokepoint 3.0? a16z Sounds the Alarm on Anti-Crypto Bank Moves!
๐ฆ Big banks like JPMorgan are allegedly launching Chokepoint 3.0 - charging high fees or blocking fund transfers to crypto apps like Coinbase & Robinhood.
๐ฌ Alex Rampell (a16z) warns this isnโt about revenue - itโs about killing competition and locking users into traditional banking.
๐ These tactics could:
Make it costlier to move funds ๐ธ
Limit access to crypto apps ๐ซ
Hurt innovation in DeFi & Web3 ๐งฌ
๐ Crypto voices call on regulators like CFPB to step in and enforce user rights to financial data.
โ Stay alert: ๐น Monitor your bankโs fees
๐น Use P2P or fiat gateways
๐น Speak out if you face blocks
โ ๏ธ Financial freedom is under pressure - stay informed and trade smart!
#Chokepoint3 #CryptoAccess #a16z #DeFiRights #CryptoNews #BinanceSquare ๐ก