Crypto companies have long faced account closures and banking service denials, a trend many attribute to a policy initiative dubbed 'Operation ChokePoint 2.0.' Following President Trump's election, there was hope for a more supportive banking environment for digital assets. However, recent developments indicate that debanking practices persist. Alex Rampell from Andreessen Horowitz highlighted that major banks are imposing higher fees on fintech and crypto platforms, signaling 'Operation ChokePoint 3.0.' Unicoin's CEO, Alex Konanykhin, reported that several banks have closed accounts for crypto firms without explanation, despite political pressure to cease such actions. He noted that Unicoin has been debanked by multiple banks this year alone, suggesting a widespread issue. In response, Trump plans to sign an executive order aimed at penalizing banks that engage in debanking. While there is optimism for change, experts warn that effective reform will depend on the specifics of new regulations, as banks remain cautious until risks associated with crypto are clearly mitigated. Read more AI-generated news on: https://app.chaingpt.org/news