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President Donald Trump has threatened to sue JPMorgan Chase for allegedly unbanking him following the January 6, 2021 riot at the U.S. Capitol.
“I will be suing JPMorgan Chase over the next two weeks for improperly and inappropriately DEBANKING me after the January 6 protest, a protest that turned out to be okay for those protesting,” Trump said. said in a post on social media.
( @realDonaldTrump – Social message of truth)
(Donald J. Trump – January 17, 2026, 11:13 a.m. ET)A front-page article in the Wall Street Journal’s Fake News claims, without verification, that I nominated JPMorgan Chase’s Jamie Dimon for the position of Fed chairman. T… pic.twitter.com/gQc41kUVcF
– Donald J. Trump publishes TruthSocial (@TruthTrumpPost) January 17, 2026
In August, Trump signed an executive order requiring banks to ensure they do not deny financial services to customers based on their 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. At the time, JPMorgan said it was not closing its books for political reasons.
Trump and his family turn to crypto
After claiming that some of America’s biggest banks had cut off their access to their services, Trump and his sons moved further into the crypto world.
“We got into crypto because we were unbanked,” Donald Trump Jr. said. said in an interview with Fox News last year. “We had to find solutions,” he continued, adding that crypto was the most effective route and “absolutely the future of banking.”
The Trump family plans to take over TradFi services using crypto.
THE $WLFI token backed by the Trump family, deployed a lending platform for its stablecoin 👑
This is a great strategic move as they aim to make the company the crypto giant. I don’t think this is a surprise to anyone who has followed their journey so far.… pic.twitter.com/ue3ZYhm3JD
– Alaoui Capital (@Alaouicapital) January 13, 2026
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 use the digital token for payments.
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