JP Morgan Faces Mass Account Closures Amidst Public Backlash Over MSCI Crypto Guidance

Crypto industry leaders are condemning JP Morgan after the bank’s disclosure of upcoming index changes that could remove crypto-focused companies from major benchmarks. The backlash is fueled by proposed rules from MSCI, a financial research and data firm, that could force index funds to drop firms like Strategy with heavy Bitcoin holdings. This has sparked calls for boycotts from influential figures in the crypto space.