Trump Says He Will Sue JPMorgan, Accusing It of Improper Conduct on "Debanking" Issues

According to Odaily, Trump posted on his social platform Truth Social stating that he plans to file a lawsuit against JPMorgan within the next two weeks, accusing the bank of "improper debanking" following the events of January 6, 2021. Trump denied The Wall Street Journal's report that JPMorgan CEO Jamie Dimon had been proposed as a candidate for Federal Reserve Chairman, calling the claim "completely untrue."

The report noted that Trump and his family members have repeatedly stated publicly that several major U.S. banks have refused to provide them with financial services in recent years, prompting them to increase their involvement in the crypto asset sector. Donald Trump Jr. once said that it was precisely because of restricted access to banking services that the family was forced to enter the crypto industry, and he believes crypto assets are an important direction for the future financial system.

In addition, the decentralized finance platform World Liberty Financial, supported by Trump, has applied for a banking license and launched the stablecoin USD1, attempting to establish a new business model between traditional finance and crypto finance. JPMorgan previously denied any "debanking" actions against clients and, as of press time, has not responded to Trump's latest remarks. (DL News)