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Trump Sues JPMorgan for $5 Billion Over Alleged Political Debanking

Trump Sues JPMorgan for $5 Billion Over Alleged Political Debanking

Author:

Global Cryptocurrency

Published:

2026-01-23 07:23:02

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BTCCSquare news:

Former President Donald TRUMP has filed a $5 billion lawsuit against JPMorgan Chase, accusing the bank of abruptly closing his accounts following the Capitol riot. The legal action names CEO Jamie Dimon, alleging deceptive practices and breach of contractual good faith. JPMorgan maintains its decision was apolitical, sparking renewed debate about financial institutions' neutrality.

The case revives concerns about "debanking"—the alleged practice of excluding clients based on ideology. Trump previously addressed this issue through executive action in 2025. The lawsuit emerges amid growing scrutiny of banking sector power over political actors and businesses.

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