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

2025/11/25 13:46 (Updated 2025/11/25 17:00)
CoinPost
Written by A.Yamada
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JP Morgan Allegedly Closes Account of Cryptocurrency Firm CEO, Stirring 'Choke Point 2.0' Controversy

Banking Service Denial to Strike CEO

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...'

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MAGAZINE
Iolite Vol.16

Iolite Vol.16

November 2025 issueReleased on 2025/09/30

Interview with Iolite FACE vol.16, concon Inc. CEO Fumiyoshi Takahashi PHOTO & INTERVIEW: Takanori Kataishi Feature: "2026: Abnormal Adoption Frontlines!!" "Prepare for Bitcoin's Golden Month" "Three US Bills: Promoting Innovation or Preventing Surveillance? A Major Restructuring of US Crypto Policy: What Does the Three Major Bills Paint for the Future?" Crypto Journey: "The Crypto Industry's 'Shadow Guardian' Sees Global Security Transformation" Interview with Hacken CEO Dima Budrin Series: "An Expert's Perspective on the Fluctuating Cryptocurrency Market" Virtual Nishi Series: Tech and Future: Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.16

November 2025 issueReleased on 2025/09/30
Interview with Iolite FACE vol.16, concon Inc. CEO Fumiyoshi Takahashi PHOTO & INTERVIEW: Takanori Kataishi Feature: "2026: Abnormal Adoption Frontlines!!" "Prepare for Bitcoin's Golden Month" "Three US Bills: Promoting Innovation or Preventing Surveillance? A Major Restructuring of US Crypto Policy: What Does the Three Major Bills Paint for the Future?" Crypto Journey: "The Crypto Industry's 'Shadow Guardian' Sees Global Security Transformation" Interview with Hacken CEO Dima Budrin Series: "An Expert's Perspective on the Fluctuating Cryptocurrency Market" Virtual Nishi Series: Tech and Future: Toshinao Sasaki, etc.