Strike CEO Jack Mallers Debanked by JPMorgan as Bank Faces Epstein Tensions

Strike CEO Jack Mallers revealed that JPMorgan Chase abruptly closed his personal bank accounts last month, citing unspecified "concerning activity" without providing a clear explanation, despite his father being a long-time private client. This incident has reignited industry fears regarding "Operation Chokepoint 2.0," an alleged pressure campaign against crypto businesses, even after the Trump administration claimed to have ended it. Critics, including Senator Cynthia Lummis, argue that such actions undermine confidence and push the digital asset industry overseas. The timing is notable as JPMorgan faces intense scrutiny over its past dealings with Jeffrey Epstein, with Senator Ron Wyden investigating executives for allegedly ignoring warnings and delaying Suspicious Activity Reports (SARs) related to Epstein's transactions. Despite this controversy and Mallers' public criticism of CEO Jamie Dimon, JPMorgan recently published research suggesting Bitcoin may be undervalued relative to gold.

(Source：Bitcoin Magazine)