[lilsoso]

Marc Andreessen mentioned what's called "Operation Chokepoint 2.0" in relation to many tech founders being debanked. In the crypto industry you can find many examples of this, however they're often not so public. Here's an instance from the entrepreneur Sam Hamidi-Kazemian:

'Kept quiet about this for almost a year out of fear but since I'm in good company with @tyler @cameron @brian_armstrong @elonmusk now.. Last December, I got a call from JPM saying "we have to close anyone's account that we know their primary source of income/wealth is crypto. This is directly from the top from Jamie. I'm really sorry."

I had a close relationship with my banker so I assume 99% of people wouldn't even get that kind of transparency/explanation. Wanted to add my own name to the debanked OCP list @nic__carter. It's real. It happened. Hopefully now it will soon be over.' -- https://x.com/samkazemian/status/1861956394079101391

Furthermore, this phenomenon affects not only founders but is common to retail investors. Try cashing out seven figures to your bank via a crypto payment rail and see how the bank reacts. If you get close to a successful crypto investors you can find many cases. However, this crowd often stays quiet: revealing that you're a high net worth individual, particularly in crypto, can be a security risk so these stories are shared in private chats amongst individuals of the same status.

Another case of added pressure, perhaps in a different vein, can be seen here: https://nypost.com/2024/11/13/business/fbi-seizes-polymarket...