"Last month, J.P. Morgan Chase threw me out of the bank. It was bizarre. My dad has been a private client there for 30+ years."
"We aren't allowed to tell you."
"ended Operation Choke Point 2.0 once and for all by working to end regulatory efforts that deny banking services to the digital assets industry."
JPMorgan Chase abruptly closed Jack Mallers' personal bank accounts last month and provided no clear explanation. The bank's only response to inquiries was, "We aren't allowed to tell you." A Chase letter cited unspecified "concerning activity," referenced obligations under the Bank Secrecy Act, and warned that the bank "may not be able to open new accounts" for Mallers in the future. The closure reignited concerns about alleged Operation Chokepoint 2.0 and broader debanking risks for crypto businesses and executives. An executive order signed in August prohibits closing accounts solely for crypto-related activity, but industry figures questioned whether debanking had truly ended.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]