ConsenSys Faces Financial Access Challenges Amid Regulatory Pressure

According to PANews, ConsenSys, an Ethereum software company, has reportedly been targeted twice by U.S. authorities attempting to cut off its access to the financial system. CEO Joseph Lubin described these incidents as part of 'Operation Chokepoint 2.0.' In the most recent occurrence, a major U.S. bank, believed to be Wells Fargo, closed ConsenSys' account under regulatory pressure. Lubin noted that the bank initially attempted to delay the closure and expressed support for ConsenSys but ultimately succumbed to the pressure. Lubin himself was also targeted during this financial crackdown.