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Strike CEO Claims JPMorgan Abruptly Closed Accounts Amid Crypto Debanking Concerns

Strike CEO Claims JPMorgan Abruptly Closed Accounts Amid Crypto Debanking Concerns

Author:

Global Cryptocurrency

Published:

2025-11-24 08:04:02

14

3

BTCCSquare news:

JPMorgan Chase terminated personal bank accounts belonging to Strike CEO Jack Mallers without explanation in September, reigniting industry concerns about politically motivated debanking of cryptocurrency executives. The bank cited unspecified "concerning activity" under the Bank Secrecy Act but provided no further details.

Mallers revealed the incident on social media, noting his family's 30-year relationship with the bank. The MOVE follows former President Trump's executive order prohibiting financial institutions from debanking entities solely for crypto-related activities. Critics speculate this could be part of a broader regulatory crackdown dubbed "Operation Chokepoint 2.0."

By:

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