JPMorgan closes the account of Strike CEO Jack Mallers, raising market concerns about the de-banking of cryptocurrencies

According to Theblock, Strike's CEO Jack Mallers stated that JPMorgan closed his account without warning, citing concerning activity in his account. Reports indicate that Mallers' experience has raised questions in the market about whether the so-called "Biden-era crackdown 2" is still in effect. This once again highlights the issue of de-banking faced by the cryptocurrency industry, as traditional financial institutions may still be continuing their restrictive measures against cryptocurrency-related businesses.