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President Trump has filed a lawsuit against JPMorgan Chase and CEO Jamie Dimon over the decision to close his and related personal and organizational accounts in early 2021, alleging that the bank "debanked" for political reasons following the January 6th Capitol Hill event.
The lawsuit claims that JPMorgan wants to distance itself from the Trump family due to political and social pressure, while JPMorgan counters that the account closures were solely to reduce legal risks and ensure compliance, with no political motives, and calls on the government to reform laws to prevent the "weaponization of the banking system"#JoinGateTradFitoWinGoldPack