JPMorgan’s Crypto Clash Sparks Fury and Memes 🚀😤

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The crypto world was buzzing like a shaken hornet’s nest this week, and Senator Cynthia Lummis was right in the thick of it. JPMorgan, the titan of traditional banking, decided to pull the plug on Strike CEO Jack Mallers’ account, and oh boy, did that set off a firestorm. 🏦💥

Lummis, a staunch advocate for digital assets in Congress, didn’t hold back. She pointed to this move as yet another episode in the ongoing saga dubbed Operation Chokepoint 2.0-a shadowy campaign by federal banking honchos to squeeze the crypto sector out of the financial system. Conspiracy? Maybe. Frustrating? Absolutely.

‘Operation Chokepoint 2.0 Lives On’

Mallers, still reeling from the bank’s cold shoulder, took to X (formerly Twitter) to vent his confusion. “Last month, J.P. Morgan Chase threw me out of the bank. It was bizarre. My dad’s been a private client there for 30+ years,” he tweeted, scratching his head like a man who’d just been told his dog could vote. 🐶🗳️

When he pressed JPMorgan for answers, he was met with a wall of silence. The bank muttered something about “concerning activity” on his accounts and hinted they might never let him back in. Mallers wasn’t buying it. Neither was Lummis, who fired back on X, “Operation Chokepoint 2.0 regrettably lives on. Policies like JP Morgan’s undermine confidence in traditional banks and send the digital asset industry overseas.” She’s not wrong. 🌍💨

Meanwhile, Bo Hines, a former advisor to Trump on digital assets and now cozying up to Tether, decided to poke the bear. “Hey Chase… you guys know Operation Choke Point is over, right? Just checking,” he quipped, dropping a mic that nobody asked for. 🎤🐻

JPMorgan Boycott?

The drama didn’t stop there. JPMorgan threw another log on the fire by warning about potential fallout for MicroStrategy (MSTR). Analysts predicted that proposed changes by MSCI could boot MSTR from key indices, triggering a tsunami of passive outflows-anywhere from $2.8 billion to $8.8 billion. Ouch. 💸🌊

MSCI’s proposals aim to exclude companies with over 50% of their assets in digital currencies from its indexes. For MicroStrategy, that’s like being told your parachute’s been replaced with a brick. 🪂🧱

Market expert Adam Livingston didn’t take kindly to JPMorgan’s antics. He called for a boycott, accusing the bank of “waging a war with Bitcoin.” He reminded everyone that JPMorgan, fresh off its 2008 bailout, seemed to think Bitcoin supporters would roll over and play dead. Turns out, they’re more like honey badgers-they don’t care. 🦡💥

Amid the chaos, Bitcoin managed to claw its way back up to $87,830 on Monday-a small victory after Friday’s plunge to $80,000. It’s a reminder that in the crypto world, the only constant is volatility. And maybe memes. Lots of memes. 🚀💥

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2025-11-25 07:15