JP Morgan Allegedly Closes Account of Cryptocurrency Firm CEO, Stirring 'Choke Point 2.0' Controversy

On the 24th, Jack Mallers, CEO of the Bitcoin (BTC) payment app Strike, revealed that his account had been closed without warning by major bank JP Morgan. This incident has sparked discussions about whether the covert crackdown on the cryptocurrency industry is still ongoing under the Biden administration. Mallers explained on platform X, 'Last month, JP Morgan discontinued my banking services. It's strange. My father has been a customer of JP Morgan for over 30 years. Every time I asked JP Morgan for a reason, the staff would tell me 'We cannot disclose the reasons...'