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| Bitcoin Review |
Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
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Debanking While Claiming They Didn't
In September 2025, JPMorgan Chase abruptly closed Strike CEO Jack Mallers’s personal bank accounts, citing unspecified “concerning activity” but refusing to provide details. Mallers made the closure public after repeated attempts to get an explanation yielded only, “We aren’t allowed to tell you.” The bank formally disclosed the action on November 26, sparking renewed fears of “crypto debanking.”
The incident fueled concerns that major banks may be cutting off crypto-linked individuals without evidence of wrongdoing, echoing worries about a modern version of “Operation Chokepoint.” Critics noted the contradiction between JPMorgan’s growing crypto-related services and its decision to drop a prominent industry figure.
Political leaders, including Senator Cynthia Lummis, criticized the move as damaging to trust in traditional banking, while others argued banks are within their rights to close accounts under compliance laws like the BSA. The episode highlights ongoing risks for crypto participants relying on traditional banks and may accelerate calls for crypto-native financial infrastructure and clearer regulations around account closures.
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