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JPMorgan closes the account of Strike CEO Jack Mallers, raising market concerns about the de-banking of Crypto Assets.
GateNews
According to ChainCatcher news and reported by Theblock, Jack Mallers, CEO of the crypto payment company Strike, stated that JPMorgan closed his account without warning due to concerning activities in his account. Reports indicate that Mallers' experience has raised questions in the market about whether the so-called “Biden-era 'crackdown 2'” is still being implemented. This again highlights the de-banking issues faced by the Crypto Assets industry, as restrictive measures by Financial Institutions on crypto-related businesses may still be ongoing.
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