PANews reported on November 24th that Jack Mallers, CEO of Bitcoin finance company Twenty One Capital, shared a framed letter from Chase Bank. Dated September 2nd, 2025, the letter notifies him that his account will be closed due to compliance issues with the Bank Secrecy Act and other regulations, as well as unusual account activity discovered during a bank review. Chase Bank is a subsidiary of JPMorgan Chase, focusing on commercial and retail banking. Jack Mallers stated that despite his father's decades-long business dealings with JPMorgan Chase, the bank has prohibited him from opening any future accounts without providing any specific reason.

Previously, the Bitcoin community and Strategy supporters called for a "boycott" of JPMorgan Chase in response to a report on MSCI's proposed new rules.