Major U.S. banks, including Bank of America, Chase, and Wells Fargo, are reportedly restricting customer access to crypto and fintech services by abruptly closing accounts and blocking transactions, in what industry experts are calling "Operation Chokepoint 3.0." The alleged coordinated effort mirrors past government initiatives to limit banking access for disfavored industries. Crypto advocates warn these restrictions could push users toward unregulated offshore platforms, increasing risks. The banking associations deny any coordinated campaign, claiming decisions are based on individual risk assessments.