JPMorgan Chase closed the accounts of Strike CEO Jack Mallers, citing unspecified ‘concerning activity.’ This action renews concerns about anti-crypto practices, particularly following Trump’s order banning such debanking efforts.
Jack Mallers expressed confusion over the account closure, emphasizing his family’s long-term relationship with the bank, highlighting that they could not provide specific reasons.
Mallers’ situation has reignited discussions about Operation Choke Point, and experts caution that continuing anti-crypto measures could force the industry to operate in jurisdictions outside the U.S.
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