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Debanking Concerns Rise as JPMorgan Cuts Ties with Strike CEO
11/26/2025, 14:36
AI SUMMARY
●• JPMorgan reportedly drops Strike CEO Jack Mallers, sparking debanking fears
●• Bank declines comment on individual case but affirms support for crypto industry
●• Incident highlights ongoing friction between traditional banking and crypto founders
Concerns over "debanking" in the crypto sector have resurfaced following reports that JPMorgan closed the accounts of Strike CEO Jack Mallers. While a JPMorgan spokesperson declined to comment on the specific incident, they emphasized that the bank continues to serve crypto companies across the industry generally.
The incident has sparked discussion about the fragile relationship between traditional banking institutions and crypto founders. Despite institutional adoption narratives, individual access to banking services remains a friction point for key industry figures.