Strategy has sent a letter to MSCI arguing against excluding crypto-buying firms from its indices, citing national security concerns and potential harmful consequences. JPMorgan warned that outflows from Strategy could reach $2.8 billion if MSCI proceeds. The letter emphasized the importance of innovation and criticized the 50% threshold as arbitrary and discriminatory. Strategy highlighted firms like Trump Media & Technology Group that have entered the crypto space. The letter warned MSCI about risking neutrality by discriminating against digital assets. Strategy’s stock price fell over 2% to $184, reflecting the fading hype around crypto-buying firms. The White House recently passed stablecoin legislation to reinforce national security measures.

Read more at Yahoo Finance.: ‘National Security’ at Risk If MSCI Excludes Crypto Treasuries, Warns Bitcoin Giant Strategy