Senator Lummis Raises Concerns Over JPMorgan’s Account Closure of Crypto Advocate

JPMorgan Chase has closed the accounts of Jack Mallers, CEO of Strike and prominent Bitcoin advocate, raising concerns about potential de-banking pressure on the cryptocurrency industry. Senator Cynthia Lummis has criticized this action, highlighting broader fears about increased regulatory barriers for crypto businesses. The incident has fueled debate about fair banking access and the potential impact on market liquidity in the cryptocurrency sector.