I just noticed a rather interesting dispute between Jack Mallers — CEO of Strike — and JPMorgan. This bank recently closed Mallers' Chase accounts citing "suspicious activity" that could violate security regulations. What makes this story noteworthy is Mallers' quite strong reaction — he called the decision "strange," especially since his father has been a loyal Chase customer for over 30 years.

But what’s truly concerning is that Jack Mallers linked this incident to broader pressures on the cryptocurrency industry. He even mentioned Operation Chokepoint 2.0, suggesting that this isn’t an isolated decision but part of a larger trend. At the same time, Mallers didn’t forget to dismiss Jamie Dimon’s — JPMorgan’s CEO — negative comments about Bitcoin, calling it a "pet rock" and arguing that the bank’s stance is no longer aligned with reality.

What’s interesting here is that Jack Mallers pointed out a real fact: Bitcoin has decreased by 18.36% against the US dollar over the past year. While this isn’t as impressive as the growth seen last year, it still indicates that the crypto market continues to develop. This raises bigger questions about how traditional banks treat participants in the crypto space and whether they are truly transparent in their decisions.

Mallers’ case is just a typical example of the deep conflict between traditional finance and the crypto world. It also raises concerns about the power of big banks and how they wield it.