Strike CEO's Bank Account Seemingly Suspended by JPMorgan Chase, Market Concerned About Renewed Regulatory Crackdown on Cryptocurrency

BlockBeats News, November 24th, Strike CEO Jack Mallers stated on Sunday that JPMorgan Chase closed his bank account last month without providing a reasonable explanation. After facing questioning, JPMorgan Chase responded that the account was involved in "concerning activities."

In response, there is widespread concern in the market that Operation Chokepoint 2.0 is still in effect. Operation Chokepoint 2.0 refers to a coordinated action allegedly taken by U.S. federal banking regulators during the Biden administration to pressure traditional financial institutions to refuse services to businesses, executives, and individuals in the cryptocurrency ecosystem.