Jack Mallers, the CEO of Strike, was recently directly shut down by JPMorgan, and this has caused quite a stir in the community.
To be honest, traditional banks have always had a rather subtle attitude towards crypto enterprises. This time, directly closing accounts has made many people start to worry—are we about to see a new round of "de-banking" movements? After all, Jack Mallers is no small player in the Bitcoin payment field, and Strike is considered an important player in the Lightning Network.
The market response has been relatively calm, with major cryptocurrencies like BTC, ETH, and SOL not being significantly affected for the time being. However, this signal is worth noting: when traditional financial giants start targeting crypto practitioners, the compliance pressure on the entire industry may escalate again.
Some say this is a good thing, forcing the industry to accelerate decentralization; others feel this will deter more institutions. What do you think?
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GateUser-3824aa38
· 11-27 15:07
JPM is really not playing fair this time, just shutting things down as they please.
The industry should have already been able to operate on its own, without relying on these TradFi giants.
This will likely spark another wave of "we don't need them" rhetoric.
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YieldHunter
· 11-25 22:30
honestly if you look at the data, jpmorgan debanking strike ceo is textbook regulatory theater... doesn't actually move correlation coefficients on chain. degens panicking over nothing ngl
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GasFeeLady
· 11-24 15:53
ngl this is just jpmorgan doing what they do best—creating the perfect buying pressure window. watched the gwei chart all morning and honestly? this feels like a setup more than a crisis. mallers getting debanked is basically a free market signal that we're moving exactly where we should be 🔗
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StakoorNeverSleeps
· 11-24 15:45
JPMorgan's approach is really something, directly closing accounts without giving any chance to negotiate.
To be honest, if this operation sets a precedent, how many projects will have to change course in the future?
With the Lightning Network being handled this way, how much longer can it hold up? I'm not very optimistic.
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SeasonedInvestor
· 11-24 15:33
JPMorgan's move is really impressive, directly closing accounts without mercy. It seems that TradFi is truly starting to panic.
To be honest, this is actually good news for us; it's another opportunity to be forced into Decentralization.
Jack definitely has something up his sleeve, otherwise he wouldn't have made it this far.
Jack Mallers, the CEO of Strike, was recently directly shut down by JPMorgan, and this has caused quite a stir in the community.
To be honest, traditional banks have always had a rather subtle attitude towards crypto enterprises. This time, directly closing accounts has made many people start to worry—are we about to see a new round of "de-banking" movements? After all, Jack Mallers is no small player in the Bitcoin payment field, and Strike is considered an important player in the Lightning Network.
The market response has been relatively calm, with major cryptocurrencies like BTC, ETH, and SOL not being significantly affected for the time being. However, this signal is worth noting: when traditional financial giants start targeting crypto practitioners, the compliance pressure on the entire industry may escalate again.
Some say this is a good thing, forcing the industry to accelerate decentralization; others feel this will deter more institutions. What do you think?