The U.S. Attorney's Office in Washington, D.C. subpoenaed JPMorgan, Bank of America and Wells Fargo over alleged politically motivated account closures, echoing the crypto industry's Operation Chokepoint 2.0 complaints.

U.S. Attorney Jeanine Pirro reportedly sent subpoenas to JPMorgan and Bank of America on Wednesday.

The US Justice Department subpoenaed major banks over politically motivated account closures, escalating its debanking crackdown with major implications for