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.

JPMorgan is reportedly set to accept cryptocurrency exchange-traded funds (ETFs) as collateral for loans, marking a significant step in the integration of digital assets into traditional finance. This move could enhance the liquidity and usability of crypto assets within the banking sector.

A coalition of ten major fintech and crypto trade groups is urging President Trump to intervene against JPMorgan's proposed fees for accessing consumer banking data, which they argue could stifle innovation and de-bank millions of Americans. The letter emphasizes that financial data should belong to consumers and warns that such fees threaten the adoption of stablecoins and self-custody wallets. The situation is complicated by ongoing legal battles over the Consumer Financial Protection Bureau’s open banking rule, which mandates free access to consumer data.

JPMorgan analysts claim the S&P 500's rejection of Strategy's inclusion signals a cautious stance towards companies with significant bitcoin holdings. This decision may impact other index providers and indicates potential limitations for crypto treasury firms amid growing investor skepticism.