JPMorgan closes more accounts of crypto industry professionals

Jinse Finance reported that ShapeShift executive Houston Morgan stated that JPMorgan abruptly closed his business account last Friday and notified him that his personal account would also be closed this week, citing the reason as "protecting Chase's financial institution." Morgan said the entire process was without warning, he was not asked to provide additional information, nor was he given an opportunity to appeal. This incident follows the closure of Strike CEO Jack Mallers' account, once again raising concerns about the "de-banking" of the crypto industry in the United States. JPMorgan did not respond to requests for comment.