nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr
Wtf! Might need to start your own bank!
JPMorgan Chase Closes Strike CEO's Accounts, Reignites Debanking Concerns: JPMorgan Chase closed Strike CEO Jack Mallers' bank accounts, citing "concerning activity" without specifics, in a move that reignited worries about debanking practices towards crypto executives. The bank's actions have raised questions about the alleged Biden-era campaign to deny banking services to crypto companies. (Decrypt)
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Replies (4)
Btc is the new bank.
People are using credit unions as a first step towards financial sovereignty. They're still using fiat, though they're much better off than if they used something like JPMorgan Chase, Wells Fargo, etc.
From what I understand Jacks family is pretty well connected in the financial sector. Thatβs how he was able to build Strike. He comes from a family with money and connections. You or I could not have built Strike. Not because we lack skill or intelligence, but because we lack the personal relationships and trust that multigenerational elites have cultivated.
This move by the house of Morgan may be a warning shot to the elite class to stay the course or risk being ostracized.