JPMorgan Closed His Accounts, But You Don’t Throw Out a Bitcoin CEO by Accident

Strike CEO and Twenty One Capital co-founder Jack Mallers revealed that JPMorgan Chase unexpectedly shut down his personal bank accounts last month, citing "concerning activity" but refusing to provide a specific reason, repeatedly stating, "We aren't allowed to tell you."

This incident has intensified concerns about the "debanking" of crypto executives, with online speculation suggesting that pressure against digital-asset firms, sometimes termed "Operation Chokepoint 2.0," may still be active despite political changes. Tether CEO Paolo Ardoino supported Mallers, suggesting the separation from centralized entities was ultimately beneficial.

The timing is significant as JPMorgan is already facing scrutiny over its research regarding a potential MSCI reclassification that could expel MicroStrategy from major equity indexes due to its large Bitcoin holdings. Critics view Mallers' treatment as part of a pattern of questionable judgment by the bank, especially following recent Senate findings accusing JPMorgan of under-reporting suspicious Jeffrey Epstein transactions.

(Source：BeInCrypto)