Over 30 technology and cryptocurrency founders in the U.S. have been reportedly denied banking services, leading to claims of an orchestrated effort known as 'Operation Chokepoint 2.0.' Elon Musk highlighted the issue on social media, sharing insights from Marc Andreessen, who alleged that this operation targets political enemies and disfavored startups. Coinbase's Brian Armstrong criticized the Biden administration's actions regarding these banking restrictions and announced plans to collect Freedom of Information Act requests to investigate those responsible. The issue gained prominence after the collapse of several crypto-friendly banks in 2023, which critics claim was a coordinated move against cryptocurrency firms. Andreessen expressed support for Donald Trump, attributing his stance to the government sanctioning legal companies without due process. This situation has sparked discussions about crypto regulations, particularly in the context of upcoming elections.

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