JPMorgan Boycott Intensifies as Epstein Revelations Meet Strategy Index Controversy
A grassroots marketing campaign to “boycott JPMorgan” is gaining momentum throughout social media, with numerous customers reportedly closing their accounts.
The neighborhood alleges that the financial institution has launched a “coordinated assault on Bitcoin and Strategy (MSTR) shareholders.” The backlash intensified after newly launched Senate paperwork steered that JPMorgan had under-reported Jeffrey Epstein’s suspicious transactions for years.
Why Are Users Boycotting JPMorgan?
The backlash started after reviews that MSCI plans to remove crypto treasury companies, together with Strategy (previously MicroStrategy), from its indexes. The change is scheduled to take impact in January 2026.
Notably, JPMorgan flagged the potential exclusion in a analysis be aware. If applied, the adjustment may reclassify companies like Strategy as funding funds.
This may set off vital outflows. JPMorgan’s research estimates that outflows may attain $2.8 billion. This may go as high as $8.8 billion throughout if extra suppliers comply with swimsuit.
Furthermore, Max Keiser pointed to unconfirmed reports claiming that JPMorgan holds a short position in MSTR. He added that the place may change into critical if MSTR were to commerce 50% above Friday’s closing worth.
“JP Morgan dumps 25% of their MSTR place proper earlier than MSCI publicizes Bitcoin corporations can’t enter main indexes. Nothing to see right here. Just one other completely timed institutional commerce. The recreation is rigged, however Bitcoin doesn’t care about their indexes,” a crypto watchdog added.
This hypothesis has deepened present mistrust towards JPMorgan inside crypto circles. As a outcome, Bitcoin and Strategy supporters are calling on customers to hitch the boycott and withdraw their funds from the financial institution.
“CRASH JP MORGAN, BUY MSTR (& BITCOIN),” Keiser posted.
The Link Between Jeffrey Epstein and JPMorgan
The boycott dialog has additionally widened to incorporate renewed scrutiny of JPMorgan’s alleged ties to Jeffrey Epstein. In late October, unsealed court docket paperwork confirmed that the financial institution filed a suspicious exercise report (SAR) in 2019, shortly after Epstein’s loss of life.
The submitting outlined transactions connected to Epstein and several business associates, as properly as transfers he made to banks in Russia. JPMorgan recognized roughly 4,700 transactions totaling greater than $1 billion.
“The SARs do verify what’s been inferred all alongside: the financial institution filed SARs about Epstein early on, and particularly when it exited Epstein from the financial institution in 2013 – and repeatedly between 2013 and 2019, as required. It doesn’t seem that anybody within the authorities or regulation enforcement acted on these SARs for years,” JPMorgan’s spokesperson Patricia Wexler said.
Nonetheless, the Senate Finance Committee Ranking Member Ron Wyden’s evaluation, launched final week, claimed that JPMorgan protected Epstein. Wyden’s overview concludes that the bank reported solely minimal pink flags whereas Epstein was alive, figuring out only a handful of transactions price barely greater than $4.3 million.
Only after Epstein died in federal custody did JPMorgan submit sweeping suspicious exercise reviews. This time, it coated practically $1.3 billion in transactions spanning over a decade. This was virtually 300 instances the worth the financial institution had beforehand reported.
“It’s clear that JPMorgan Chase should face felony investigation for the way in which it enabled Epstein’s horrific crimes. Bank executives tuned out compliance officers who have been alarmed by Epstein’s transactions, seemingly withheld proof of potential cash laundering, and coached Epstein on how one can obscure suspiciously massive money withdrawals. This goes past a complete compliance breakdown, and it’s unimaginable to consider the choices that led to this catastrophe by no means reached the very high of the chief suite,” Senator Wyden stated.
As the boycott motion grows and regulatory scrutiny deepens, JPMorgan now faces mounting strain on a number of fronts. The coming months, particularly as MSCI’s 2026 reclassification approaches and Senate investigations proceed, will decide whether or not the backlash fades or evolves right into a broader problem to the financial institution’s repute and affect.
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