Jack Mallers, CEO of Strike, revealed that JPMorgan Chase closed his accounts without explanation, citing "concerning activity." This incident has raised fears about ongoing efforts to debank crypto-related individuals despite claims that such practices have ended.

The Federal Reserve has eliminated 'reputational risk' from its bank examination procedures, potentially allowing banks to better serve digital asset firms and address complaints about "debanking" in the crypto industry. This move has been welcomed by pro-crypto lawmakers, though they emphasize that further action is necessary.