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JP Morgan Chase has been accused of squeezing the cryptocurrency industry through high fees

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2025-08-02 08:56:26
According to Bitcoin.com News, venture capital firm a16z has accused JPMorgan Chase of squeezing the cryptocurrency industry by charging high fees, an action dubbed "Operation Chokepoint 3.0".
According to reports, these tactics by JPMorgan Chase could prevent apps such as Coinbase and Robinhood from accessing bank data. Arampell, a venture capital partner, called on the incoming Trump administration to intervene before banks "stifle competition."
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