Trump Threatens To Sue JPMorgan For Debanking Him

President Donald Trump has threatened to sue JPMorgan Chase over allegedly debanking him following the January 6, 2021 riot at the US Capitol.

“I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump said in a social media post. 

In August, Trump signed an executive order requiring banks to ensure they are not refusing financial services to clients based on religious or political beliefs, a practice known as debanking.

Trump claimed he was personally discriminated against by banks, with JPMorgan Chase and Bank of America refusing to accept his deposits after his first term in office. At the time, JPMorgan said it does not close accounts for political reasons.

Trump and Family Turn To Crypto

After claiming that some of America’s biggest banks cut them off from services, Trump and his sons have pushed further into the world of crypto.

The Trump family is moving to take over TradFi services using crypto.

Trump-backed World Liberty Financial, a borrowing and lending platform that runs on Ethereum, has its own stablecoin, USD1, and wants institutions and everyday people to be use the digital token for payments.

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