{"id":91345,"date":"2025-11-24T15:38:29","date_gmt":"2025-11-24T12:38:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91345"},"modified":"2025-11-24T15:40:16","modified_gmt":"2025-11-24T12:40:16","slug":"jpmorgan-closes-accounts-of-strike-ceo-jack-mallers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jpmorgan-closes-accounts-of-strike-ceo-jack-mallers\/","title":{"rendered":"JPMorgan Closes Accounts of Strike CEO Jack Mallers"},"content":{"rendered":"<p>JPMorgan Chase has closed the accounts of Strike CEO Jack Mallers without providing specific reasons, according to the entrepreneur.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Last month, J.P. Morgan Chase threw me out of the bank.<\/p>\n<p>It was bizarre. My dad has been a private client there for 30+ years.<\/p>\n<p>Every time I asked them why, they said the same thing:<\/p>\n<p>\u201cWe aren\u2019t allowed to tell you\u201d. <a href=\"https:\/\/t.co\/NnT8HJjYxC\">https:\/\/t.co\/NnT8HJjYxC<\/a><\/p>\n<p>\u2014 Jack Mallers (@jackmallers) <a href=\"https:\/\/twitter.com\/jackmallers\/status\/1992623545571279219?ref_src=twsrc%5Etfw\">November 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Mallers stated that the incident occurred in October. He emphasized that the decision seemed strange, as his father had been a private client of the financial institution for over 30 years.<\/p>\n<p>When asked directly about the reasons for the account closure, JPMorgan staff replied that they were &#8220;not allowed&#8221; to disclose this information. In an official letter, the bank cited &#8220;suspicious activity&#8221; and the need to comply with regulatory requirements.<\/p>\n<p>The organization also warned of the impossibility of opening new accounts in the future. Mallers ironically noted that he framed the letter.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Yes. A proud moment.<\/p>\n<p>So proud I got it framed. <a href=\"https:\/\/t.co\/uo6v2Xfr8p\">https:\/\/t.co\/uo6v2Xfr8p<\/a> <a href=\"https:\/\/t.co\/Myfo59Wn3B\">pic.twitter.com\/Myfo59Wn3B<\/a><\/p>\n<p>\u2014 Jack Mallers (@jackmallers) <a href=\"https:\/\/twitter.com\/jackmallers\/status\/1992743618843672759?ref_src=twsrc%5Etfw\">November 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">Chokepoint 2.0?<\/h2>\n<p>Tether CEO Paolo Ardoino supported Mallers in the comments, calling the event &#8220;for the best.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I think it&#8217;s for the best<\/p>\n<p>\u2014 Paolo Ardoino \ud83e\udd16 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1992663100068425759?ref_src=twsrc%5Etfw\">November 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Users linked the situation to &#8220;Operation Chokepoint 2.0,&#8221; a supposed covert pressure by U.S. authorities on banks to refuse services to representatives of the crypto industry.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Chokepoint continues. <br \/>And they say cryptocurrency is full of crooks. Money laundering etc. what makes me laugh is where do they suppose money laundering happened (and continues to happen) pre cryptocurrency \u2014 through their banks<\/p>\n<p>\u2014 JJ (@puffinmusings) <a href=\"https:\/\/twitter.com\/puffinmusings\/status\/1992746612444328089?ref_src=twsrc%5Etfw\">November 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In August, Donald Trump <a href=\"https:\/\/forklog.com\/en\/news\/custodia-bank-ceo-analyzes-trumps-executive-order-on-crypto-debanking\">signed an order<\/a> providing measures against financial discrimination of digital businesses.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Bitcoin will resist the test of time. Organizations that try to undermine it will fail and become dust. They can&#8217;t stop people&#8217;s choice to be free,&#8221; wrote Ardoino.<\/em><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin will resist to the test of time.<br \/>Those organizations that try to undermine it, will fail and become dust.<br \/>Simply because they can&#8217;t stop people choice to be free.<\/p>\n<p>\u2014 Paolo Ardoino \ud83e\udd16 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1992794262258487445?ref_src=twsrc%5Etfw\">November 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in May, Mallers-led Strike <a href=\"https:\/\/forklog.com\/en\/news\/strike-introduces-bitcoin-backed-lending\">offered<\/a> users a &#8220;HODL-lending&#8221; option, allowing them to borrow funds against the first cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase has closed the accounts of Strike CEO Jack Mallers without providing specific reasons, according to the entrepreneur.<\/p>\n","protected":false},"author":1,"featured_media":91346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"JPMorgan Chase closes accounts of Strike CEO Jack Mallers without explanation.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1412,229,1804],"class_list":["post-91345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bans-and-restrictions","tag-jpmorgan","tag-strike"],"aioseo_notices":[],"amp_enabled":true,"views":"189","promo_type":"1","layout_type":"1","short_excerpt":"JPMorgan Chase closes accounts of Strike CEO Jack Mallers without explanation.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91345"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91345\/revisions"}],"predecessor-version":[{"id":91347,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91345\/revisions\/91347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91346"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}