As reported by Cryptofrontnews, thousands of individuals are closing their JP Morgan accounts following the bank's release of research on MSCI's proposed index changes, which could exclude crypto-heavy firms like MicroStrategy from major benchmarks. High-profile figures, including Jack Mallers of Strike and real estate investor Grant Cardone, have reported account closures or withdrawals, citing compliance concerns and unusual activity. The backlash intensified as Bitcoin advocates and investors expressed support for companies with significant crypto holdings, with Bitcoin volume surging amid the growing dispute.
JP Morgan Faces Account Closures Amid MSCI Crypto Index Proposal and Public Backlash
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