Operation Chokepoint 2.0 refers to allegations of financial exclusion aimed at tech founders, particularly those in the cryptocurrency sector, as a method of silencing political opponents. Coined by Marc Andreessen of Andreessen Horowitz, this term draws parallels to an Obama-era initiative that restricted banking services for controversial industries, like marijuana and firearms. According to Andreessen, over 30 tech founders faced sudden banking denials, blaming the Biden administration for perpetuating a strategy aimed at disfavored startups. Tesla CEO Elon Musk echoed these concerns, amplifying discussions on social media. Coinbase CEO Brian Armstrong criticized the administration's approach as unethical, speculating that Senator Elizabeth Warren's influence is evident in these actions. The practice of debanking involves financial institutions cutting services without clear justification or accountability, raising serious concerns regarding due process rights for affected customers. The issue isn't limited to the U.S.; similar claims of debanking due to political motivations have surfaced in the UK and Australia, stirring major skepticism about transparency in the financial services sector.

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