JPMorgan Closes Strike CEO’s Accounts: Crypto Debanking Escalates

A surprising move by JPMorgan Chase has sparked debate within the crypto community and raises questions about its stance on digital assets. The bank closed accounts belonging to Jack Mallers, CEO of Strike, a Bitcoin payment platform, without offering clear reasons. This incident follows a growing trend of banks limiting services for cryptocurrency businesses. Mallers’ case highlights the challenges faced by those in the crypto space and their struggle to access financial services.