Techub News reports that, according to Cointelegraph, JPMorgan Chase admitted to ending its banking relationship with Trump after the January 6, 2021 Capitol riot. This move ultimately prompted the Trump family to venture into the cryptocurrency space.
According to court documents disclosed last week by media outlets such as Fortune and CNBC, JPMorgan Chase’s former CEO Dan Wilkening acknowledged that the bank decided to close accounts related to Trump. This is the first time JPMorgan Chase has publicly admitted to this action. Wilkening wrote in the lawsuit filed by Trump against the bank, “In February 2021, JPMorgan Chase notified the plaintiff that several accounts held by the plaintiff at JPMorgan Chase Bank (CB) and Private Bank (PB) would be closed.” Trump filed a lawsuit against JPMorgan Chase in late January, alleging that the bank unlawfully terminated his accounts purely for political reasons, ultimately causing him and his family to be blacklisted. Trump is seeking $5 billion in damages from JPMorgan Chase.
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