On Sunday, Hayden Adams, CEO and founder of the popular decentralized exchange, or DEX, (UNI), claimed that his JP Morgan Chase (NYSE:) bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew “many individuals and companies who have been similarly targeted simply for working in the crypto industry.”
Former Commodity Futures Trading Commissioner Brian Quintenz responded with a comment suggesting that the move was likely an instance of “shadow de-banking of crypto by the Federal Reserves and Office of the Comptroller of the Currency bank examiners.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Uniswap founder’s bank account shut down by JP Morgan Chase,