The crypto industry is once again at war with one of Wall Street’s most influential institutions. In just 48 hours, JPMorgan Chase, MSCI’s proposed index rule changes, and the abrupt closure of cryptocurrency payment app Strike CEO Jack Mallers’s personal bank accounts have combined into what many inside the Bitcoin community now describe as a new chapter of “Operation Chokepoint 2.0.” The backlash comes after MSCI’s January 2026 proposal to exclude companies whose balance sheets hold more than 50% crypt ...

JPMorgan Jack mallers. Photo by BeInCrypto Strike CEO and Twenty One Capital co-founder Jack Mallers says JPMorgan Chase abruptly shut down his personal bank accounts and refused to explain why. The move has sparked new concerns over the “debanking” of crypto executives at a time when Wall Street banks are facing mounting pressure over their relationships with digital-asset firms. Mallers Says JPMorgan Gave No Reason: “We Aren’t Allowed to Tell You” In a series of posts on X (Twitter), Mallers revealed ...