Donald Trump Says it will sue JPMorgan Chase, alleging improper conduct regarding "de-banking"
Svmuu News: Donald Trump posted on his social media platform Truth Social that he plans to file a lawsuit against JPMorgan Chase within the next two weeks, alleging that the bank engaged in “improper debanking” against him following the events of January 6, 2021. Donald Trump denied a report by The Wall Street Journal that Jamie Dimon, CEO of JPMorgan Chase, had been proposed as chairman of Federal Reserve, calling the claims “completely untrue.”The report noted that Donald Trump, and members of his family have repeatedly stated publicly that several major U.S. banks have refused to provide financial services to them in recent years, prompting them to expand their presence in the crypto asset sector. Donald Trump Jr., son of Donald Trump, has said that it was precisely because of restrictions on banking services that the family was forced to enter the crypto industry, and he believes crypto assets are an important direction for the future financial system.Additionally, World Liberty Financial, a decentralized finance platform backed by Donald Trump, has applied for a banking license and launched the stablecoin USD1, aiming to establish a new business model bridging traditional and crypto finance. JPMorgan Chase previously denied engaging in “debanking” practices against its clients; as of press time, it has not responded to Donald Trump’s latest remarks. (DL News)
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