Strike CEO's Bank Account Unreasonably Shut Down by JPMorgan Chase, Market Concerned About Renewed Crypto Regulation Clampdown

BlockBeats News, November 24th, Bitcoin Lightning Network payment application Strike CEO Jack Mallers said on Sunday that JPMorgan Chase closed his bank account last month without providing a reasonable explanation. After being questioned, JPMorgan Chase responded that the account had "concerning activity."

In response to this, the market is generally concerned that Operation Chokepoint 2.0 is still effective. Operation Chokepoint 2.0 refers to a coordinated action that the US federal banking regulatory agencies are alleged to have taken during the Biden administration period. It aims to pressure traditional financial institutions to refuse services to businesses, executives, and individuals in the cryptocurrency ecosystem.