Strike CEO Claims JPMorgan Closed Bank Accounts, Igniting Crypto Debate

Jack Mallers, CEO of the cryptocurrency firm Strike, alleges that JPMorgan Chase abruptly closed his bank accounts without explanation. This move has sparked a debate within the crypto industry about potential unfair treatment of digital asset leaders. Mallers claims he received a letter from the bank indicating concerns about activity on his account and suggesting difficulty opening new ones with the institution. This incident has renewed discussions about the challenges faced by crypto businesses securing banking services and raises concerns about banks’ practices toward those in the industry.

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