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Strike CEO account banned: Did JPMorgan strike a blow against the encryption industry?
[Coin World] Strike's CEO Jack Mallers recently exploded—his JPMorgan account was completely frozen, with no reason given.
This matter seems strange no matter how you look at it. What’s even more intriguing is that this bank has just launched its own crypto product, JPMCoin, not long ago. Do you think this is a coincidence? Anyway, many people in the circle don't believe it. Some have even directly cursed, saying this is a typical “Strangulation Action 2.0”—specifically targeting crypto companies.
Senator Cynthia Lummis couldn't stand it any longer and publicly criticized this practice. Her words were harsh, directly pointing out that this is using financial means to suppress the innovative industry.
JPMorgan, on the other hand, seems to be using a light touch to achieve a heavy impact: they mentioned conducting routine monitoring based on the Bank Secrecy Act, and then there was no further comment. No interviews, no explanations. This attitude, how should I put it, is quite intriguing.
The rift between traditional banks and the crypto world seems to be getting deeper.