WHY THE CRYPTO COMMUNITY IS CALLING FOR A BOYCOTT OF JP MORGAN
🔸 CEO Strike Jack Mallers stated that JPMorgan closed his account without a clear explanation, only replying "not allowed to say" and noting "concerning activity," while also banning him from opening an account in the future.
🔸 The crypto community believes this is similar to Operation Chokepoint 2.0 during Biden's time — exerting pressure for banks to deny services to the crypto industry. President Trump signed sanctions against "debank" crypto organizations, making the Mallers case even more suspicious.
🔸 U.S. Senator Cynthia Lummis stated: "Operation Chokepoint 2.0 still exists. Policies like those of JP Morgan undermine trust in traditional banks and push the digital asset industry overseas."
🔸 At the same time, JP Morgan is accused of putting pressure on MicroStrategy (MSTR) and related to rumors that MSCI will remove companies holding a lot of crypto from the index in 2026. - Empery Digital accuses JP Morgan of unexpectedly increasing the margin requirement (margin) with MSTR, causing liquidation and sell-off. - There are unverified rumors: JPM is shorting MSTR with a very large position.
🔸JP Morgan has also sold 772,453 MSTR shares worth 134 million USD from their 4.6 trillion USD asset portfolio.
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WHY THE CRYPTO COMMUNITY IS CALLING FOR A BOYCOTT OF JP MORGAN
🔸 CEO Strike Jack Mallers stated that JPMorgan closed his account without a clear explanation, only replying "not allowed to say" and noting "concerning activity," while also banning him from opening an account in the future.
🔸 The crypto community believes this is similar to Operation Chokepoint 2.0 during Biden's time — exerting pressure for banks to deny services to the crypto industry. President Trump signed sanctions against "debank" crypto organizations, making the Mallers case even more suspicious.
🔸 U.S. Senator Cynthia Lummis stated: "Operation Chokepoint 2.0 still exists. Policies like those of JP Morgan undermine trust in traditional banks and push the digital asset industry overseas."
🔸 At the same time, JP Morgan is accused of putting pressure on MicroStrategy (MSTR) and related to rumors that MSCI will remove companies holding a lot of crypto from the index in 2026.
- Empery Digital accuses JP Morgan of unexpectedly increasing the margin requirement (margin) with MSTR, causing liquidation and sell-off.
- There are unverified rumors: JPM is shorting MSTR with a very large position.
🔸JP Morgan has also sold 772,453 MSTR shares worth 134 million USD from their 4.6 trillion USD asset portfolio.
🔸 Many influencers in the industry are calling for a boycott of JP Morgan, and some large investors have publicly withdrawn their funds from Chase, viewing this as a form of resistance against the bank's pressure on crypto.#GateChristmasGiveaway #NonfarmPayrollsBeatExpectations #BitcoinPriceWatch $BTC $ETH #