🚨 Debanking in the USA continues, but the Jito Foundation is returning home
The Jito Foundation, a platform for MEV on the Solana network, has announced its return to the USA due to "clearer rules" for digital assets (GENIUS Act, market structure). Previously, the organization operated abroad due to banking restrictions.
Even under a pro-crypto administration, banks continue to close accounts and block transfers. For example, Strike CEO Jack Mallers received a letter about the closure of his account from JPMorgan Chase, even though his family had been a client of the bank for over 30 years.
Alex Rampell (Andreessen Horowitz) adds: banks are still charging excessive fees for crypto transfers or blocking them for platforms and #Web3 -apps.
💡 Conclusion: the regulatory landscape in the USA is changing, but debanking continues. Companies are returning to the market, but risks remain.
