Trump Denies Offering Jamie Dimon Fed Chair Role, Plans Lawsuit Against JPMorgan
Former President Donald TRUMP has publicly denied claims that he offered JPMorgan Chase CEO Jamie Dimon the position of Federal Reserve chair, calling the allegation "a lie" in a post on Truth Social. Trump asserted no such offer was made or even considered, emphasizing his satisfaction with current Treasury Secretary Scott Bessent. The dispute stems from a Wall Street Journal report suggesting Dimon had discussed the role with Trump.
Trump also announced plans to sue JPMorgan Chase within two weeks over the closure of his accounts following the January 6th Capitol protest, which he described as "inappropriate and incorrect debanking." He reiterated his belief that the 2020 election was rigged and defended the protest as justified. This legal action aligns with Trump's 2025 executive order prohibiting banks from discriminating against clients based on political or religious views.
The escalating conflict between Trump and major financial institutions reflects broader tensions between political figures and the banking sector. While cryptocurrencies aren't directly mentioned, such high-profile disputes often drive interest in decentralized financial alternatives as institutional trust erodes.