Rapper Kanye West, popularly called Rapper Ye has been removed as a client of JP Morgan Chase bank with no official reason. He has been given until November 21, 2022, to transition to another financial institution in the “Closing of Our Banking Relationship” letter, according to the tweet released by Candace Owens on Wednesday, October 12.
Earlier today I learned that @kanyewest was officially kicked out of JP Morgan Chase bank. I was told there was no official reason given, but they sent this letter as well to confirm that he has until late November to find another place for the Yeezy empire to bank. pic.twitter.com/FUskokb6fP
— Candace Owens (@RealCandaceO) October 12, 2022
Kanye West has been making news headlines for the past few days for several reasons, ranging from sporting a “White Lives Matter” T-shirt to his anti-semitic post on Twitter, which got him temporarily locked out of Twitter and Instagram. Once again, Rapper Ye has emerged as the talk of the town as JPMorgan Chase decided to close their banking relationship.
In the letter, the bank gave him until November 21 to transfer his company, Yeezy, financial activities to another bank, saying they would continue to manage accounts related to the company’s product and services till the deadline. However, no official reason for the bank’s latest move was stated in the letter, which reads:
We are sending this letter to confirm our recent discussion with [censored]… that JPMorgan Chase Bank… has decided to end its banking relationship with Yeezy, LLC…
The end of the relationship may be linked to the antisemitic tweet by Kanye, where he threatened, he would go “death [sic] con 3” on Jewish people. In the tweet, which has been removed, Rapper Ye also wrote:
The funny thing is I actually can’t be Anti Semitic because black people are actually Jew also.
While Kanye is yet to make an official comment about the matter, Candace extended support in a Twitter thread noting how the U.S. had reached “extremely frightening times” she tweeted,
As I gather my thoughts about this, I want to say that I do not care what you think about Ye West— but I very much care what you think about this.
Additionally, Kanye West may consider moving his company’s financial activities to crypto platforms that will give him better control over his assets and more privacy for his company, as countries like the U.S. are already exploring digital assets by creating central bank digital currencies. Furthermore, cryptocurrency cannot be banned, as a ban could make the development of public blockchain-based products impossible.
