Buy CryptoMarketsSpotFuturesUSOILEarnEvent Center
More
Gold vs Crypto
U.S. President Donald Trump filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon personally, accusing the institution of deliberate debanking. The politicianU.S. President Donald Trump filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon personally, accusing the institution of deliberate debanking. The politician

Trump Filed a Lawsuit Against JPMorgan Chase And Its CEO Over Debanking

Author: Incrypted
Source: Incrypted
2026/01/23 15:59
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
  • Trump and companies affiliated with him demanded $5 billion from JPMorgan Chase.
  • The bank is accused of unjustified account closures and refusing to provide services.
  • Allegedly, the institution isolated Trump, his family, and associated individuals after the attempted storming of the Capitol by MAGA supporters.

U.S. President Donald Trump filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon personally, accusing the institution of deliberate debanking. The politician asked the court to deem the firm’s actions unlawful and to award $5 billion in damages.

The lawsuit alleges the intentional denial of access to banking services for Trump and individuals affiliated with him. According to the plaintiffs, in February 2021, after the attempted takeover of the Capitol by the politician’s supporters, JPMorgan Chase closed several accounts without any apparent reason.

Trump believes this happened for political reasons and as a result of pressure on both his family and related organizations. In addition, Dimon’s public statements allegedly caused the president significant reputational damage.

Commenting on the lawsuit in Davos, Trump said he should not have done it. CNBC quoted him as saying:

JPMorgan Chase allegedly did not explain the account closures in any way. In a public statement, the bank denied that it happened for political reasons, citing federal rules and regulations in force at the time.

The organization also said it supports the current administration’s efforts to end the practice of weaponizing the banking sector.

The plaintiffs are asking the court to deem JPMorgan Chase’s actions unlawful and to award $5 billion in damages.

As a reminder, in August 2025, Trump signed an executive order banning the debanking of a number of organizations, including crypto companies. The latter faced deliberate isolation under the Biden administration, a practice known as Operation Choke Point 2.0.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Navigating The Critical Geopolitical Risks And Hormuz Bottleneck – Rabobank Analysis

Navigating The Critical Geopolitical Risks And Hormuz Bottleneck – Rabobank Analysis

The post Navigating The Critical Geopolitical Risks And Hormuz Bottleneck – Rabobank Analysis appeared on BitcoinEthereumNews.com. Oil Market Alert: Navigating
Share
BitcoinEthereumNews2026/03/12 06:20
Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12