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JPMorgan Shuts Account of ShapeShift Employee
11/25/2025, 19:36
AI SUMMARY
●• JPMorgan closes business account of ShapeShift employee
●• Adds to reports of banking access issues for crypto workers
●• Fuels "Choke Point 2.0" narrative regarding financial discrimination
The Block reports that JPMorgan Chase has closed the business account of a ShapeShift employee and warned that their personal account would be next. This incident adds to a series of reports regarding banking difficulties for crypto industry workers.
Such account closures fuel the ongoing narrative of a "Choke Point 2.0," where traditional financial institutions systematically restrict access to crypto-associated individuals and businesses.
The targeted nature of these closures continues to be a point of friction between the traditional banking sector and the digital asset industry, raising concerns about financial discrimination.