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BTCC / BTCC Square / Global Cryptocurrency /
JPMorgan CEO Denies Political Debanking Amid Crypto Account Closure Reports

JPMorgan CEO Denies Political Debanking Amid Crypto Account Closure Reports

Author:
Global Cryptocurrency
Published:
2025-12-08 08:11:02
24
3
BTCCSquare news:

JPMorgan Chase CEO Jamie Dimon has publicly refuted claims that the bank engages in politically motivated debanking, asserting that account closures are applied uniformly across all customer affiliations. The statement comes amid allegations from crypto firms and Trump-linked entities alleging unexplained account terminations.

Strike CEO Jack Mallers and TRUMP Media have reported abrupt account closures by JPMorgan, with over 400 Trump-associated entities facing subpoenas for banking records from special counsel Jack Smith. Dimon emphasized the bank's compliance with legal requirements, including sharing customer data when subpoenaed, while advocating for systemic reforms to reduce debanking instances.

The controversy intersects with cryptocurrency as President Trump's August executive order directed regulators to investigate debanking complaints from both crypto businesses and conservative groups. Dimon revealed a 15-year push to amend debanking policies, endorsing the Trump administration's earlier reform efforts.

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