What is Operation Chokepoint 2.0?

Question

What exactly is Operation Chokepoint 2.0?

In an email with subject "[URGENT] Bitwage Banking Switch - Change of Service Offered" dated today, BitWage said:

Dear Bitwage Community,

The cryptocurrency sector has been facing challenges due to increasing regulatory pressure on the US banking industry, in what many are calling “Operation Chokepoint 2.0”. This pressure has come in the form of SEC Wells Notices, closed-door conversations between regulators and banks, and restricting direct access from crypto-friendly banks to the Federal Reserve. In our commitment to providing you with the highest quality service, we have worked diligently to maintain stable banking relationships amidst this industry crackdown.

Answer 1

It is a rhetorical reference to operation chokepoint

Unlike the original, there is no evidence that 2.0 exists as a named DoJ project.

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The phrase "what many are calling" is also a common rhetorical device to suggest something while avoiding taking responsibility and without providing any proper references to sources which could provide the details you seek.

It means that the owners or managers of Bitwage object to what they see as government overreach in what government agencies presumably see as protecting vulnerable consumers from exploitation by relatively unregulated or lightly regulated financial businesses. You and I may have a perspective that differs from that of either party.

As you know, none of this requires Bitcoin technical knowledge to answer and is not the sort of question that this website is best suited for -- at least partly because it likely is not related to a specific practical problem the question asker is facing, might not have a single correct answer and might invite subjective opinion-based answers or discussion (evidence for the latter).