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JPMorgan’s Silent Account Closure Sparks Crypto Banking Debate

JPMorgan’s Silent Account Closure Sparks Crypto Banking Debate

Author:

Global Cryptocurrency

Published:

2025-11-24 10:19:02

17

3

BTCCSquare news:

JPMorgan Chase abruptly closed the personal accounts of Strike CEO Jack Mallers without explanation, citing 'suspicious activity.' The move has reignited concerns about debanking practices targeting crypto entrepreneurs. Mallers, whose family had been a client for decades, received a terse termination notice—highlighting tensions between traditional finance and digital asset innovators.

The incident echoes broader regulatory pressures on crypto-friendly businesses. Banks increasingly cite compliance obligations when severing ties, leaving firms scrambling for alternatives. This pattern raises questions about fair access to financial infrastructure amid shifting policy landscapes.

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