X @Nick Szabo

Banking & Crypto Relationship - JP Morgan reportedly shut down Strike CEO Jack Mallers' banking accounts without warning, citing "concerning activity" without providing details [1] - Tether CEO suggests Bitcoin will survive while traditional banks may fail [1] - The incident highlights the ongoing tension between traditional banking institutions and the cryptocurrency industry [1] Regulatory & Control - Traditional financial institutions can still control access to banking services, impacting crypto-related businesses [1] - The event underscores the limitations of centralized financial systems compared to decentralized crypto networks [1]