JPMorgan Boosts Bitcoin Access but Closes Strike CEO’s Account

JPMorgan is sending mixed signals to the crypto industry as it opens new pathways for leveraged Bitcoin exposure—through structured notes and ETF-backed lending—while simultaneously closing the personal accounts of Strike CEO Jack Mallers without explanation. This dual approach highlights the growing divide between Wall Street’s push to institutionalize Bitcoin for wealthy clients and the persistent scrutiny faced by crypto-native founders navigating traditional banking systems.