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BTCC / BTCC Square / Global Cryptocurrency /
Trump Files $5 Billion Lawsuit Against JPMorgan Over Debanking Claims

Trump Files $5 Billion Lawsuit Against JPMorgan Over Debanking Claims

Author:
Global Cryptocurrency
Published:
2026-01-22 21:14:02
19
2
BTCCSquare news:

Former US President Donald TRUMP has filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, alleging the bank terminated his accounts for political reasons following the January 6th Capitol riots. The complaint, filed in Miami-Dade County, accuses the bank of trade libel, breach of good faith, and violations of Florida's deceptive trade practices law.

Trump claims the debanking was ideologically motivated, part of a broader pattern of financial institutions denying services based on political views. JPMorgan denies the allegations, stating accounts are only closed due to legal or regulatory risks, not political bias.

The lawsuit escalates Trump's campaign against perceived financial censorship, though no direct cryptocurrency implications are noted. Market observers watch for potential Ripple effects in crypto-friendly banking alternatives should traditional institutions face heightened scrutiny over account closures.

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