JPMorgan Chase has acknowledged in court documents that it closed accounts associated with Donald Trump following the January 6, 2021, Capitol attack. This marks the first time the bank has publicly admitted to the action, which was revealed by Dan Wilkening, JPMorgan’s former chief administrative officer. The decision to de-bank Trump reportedly led the Trump family to explore cryptocurrency options. Trump has filed a lawsuit against JPMorgan, claiming the account closures were politically motivated and seeking $5 billion in damages. JPMorgan spokeswoman Trish Wexler stated that the bank closes accounts posing legal or regulatory risks, not for political reasons. Following the de-banking, Eric Trump has been vocal about the family's shift towards cryptocurrency, leading to the establishment of World Liberty Financial.

JPMorgan Admits to Closing Trump's Accounts Post-Capitol Attack

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