JPMorgan and Strike CEO Jack Mallers Decline to Comment Further on Debanking

Strike CEO Jack Mallers publicly claimed that JPMorgan Chase closed all his bank accounts without cause in September, stating the bank refused to provide a reason. This announcement sparked significant reaction from the crypto community, including calls for boycotts and commentary suggesting potential regulatory overreach similar to past crackdowns. JPMorgan declined to comment on the matter, though an internal source indicated the bank works with many crypto companies. Mallers' team also declined further comment. The silence from both parties is partially attributed to Bank Secrecy Act (BSA) regulations, which prohibit banks from disclosing reasons for account closures that might relate to Suspicious Activity Reports (SARs). An expert suggested the timing of the debanking, shortly after JPMorgan launched its competing JPM Coin, raised questions about potential conflict of interest or the sidelining of a competitor.

(Source：CoinDesk)