Trump says he will sue JPMorgan Chase, accusing it of mishandling the "debanking" issue

Odaily Planet Daily News: Trump posted on his social platform Truth Social that he plans to file a lawsuit against JPMorgan Chase within the next two weeks, accusing the bank of “debanking” him following the events of January 6, 2021. Trump denied the Wall Street Journal’s report that JPMorgan Chase CEO Jamie Dimon was suggested to become the Federal Reserve Chair, stating that the claims are “completely false.”

The report notes that Trump and his family members have publicly stated multiple times that several large U.S. banks have refused to provide financial services to them in recent years, prompting them to increase their focus on the cryptocurrency sector. Trump’s son, Donald Trump Jr., said that it was due to banking restrictions that the family was forced to enter the crypto industry, believing that cryptocurrencies are an important direction for the future financial system.

Additionally, the decentralized finance platform supported by Trump, World Liberty Financial, has applied for a banking license and launched a stablecoin USD1, attempting to establish a new business model bridging traditional finance and crypto finance. JPMorgan Chase previously denied any “debanking” behavior targeting clients, and as of press time, has not responded to Trump’s latest statements. (DL News)