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Donald Trump Sues JPMorgan for $5 Billion Over Alleged Debanking in 2021

Donald Trump Sues JPMorgan for $5 Billion Over Alleged Debanking in 2021

Author:

Global Cryptocurrency

Published:

2026-01-22 19:20:03

14

3

BTCCSquare news:

Former President Donald TRUMP has initiated a $5 billion lawsuit against JPMorgan Chase, alleging unlawful closure of his accounts in 2021. The legal action, filed in Miami-Dade County, accuses the bank of trade libel and violations under Florida’s deceptive trade practices law. Trump contends the abrupt termination damaged his reputation and business operations.

The suit claims JPMorgan provided no justification for shuttering accounts tied to Trump and affiliated entities in early 2021. This follows Trump's earlier executive order targeting politically motivated debanking—a MOVE seen as protective of conservative clients. JPMorgan maintains the closures reflected standard risk assessments.

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