The crypto industry is facing a new chapter of “Operation Chokepoint 2.0” as JPMorgan Chase, MSCI’s proposed index rule changes, and the closure of Strike CEO Jack Mallers’s bank accounts spark backlash. MSCI’s proposal to exclude companies with over 50% crypto assets targets Bitcoin-treasury firms like Strategy, risking billions in outflows.

Bitcoin supporters call for a boycott of JPMorgan after MSCI’s rule change threatens crypto-treasury companies. Real estate investor Grant Cardone pulls $20 million from JPMorgan, while Max Keiser and others share ‘boycott’ screenshots. The online movement gains traction, fueled by concerns of discriminatory treatment.

MSCI’s proposed rule change, backed by JPMorgan, targets companies with 50% or more assets in crypto, risking exclusion from major equity indices. Strategy, with a significant BTC balance, faces potential exclusion and billions in outflows. The storm hits Bitcoin at a vulnerable time, with prices down and liquidations soaring.

The crypto industry faces uncertainty as exchanges, CEOs, and treasury companies come under pressure resembling a third-wave chokepoint. Allegations of coordinated targeting between JPMorgan and MSCI remain unverified. The impact of the MSCI-JPMorgan storm is felt across the industry, with deep declines in crypto-levered equities.

Read more at Yahoo Finance: JPMorgan faces major boycott after fresh crypto debanking allegations