Trump says he will sue JPMorgan Chase, accusing it of mistreatment on the issue of "debanking".

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According to Odaily Odaily, Trump announced on his Truth Social media platform that he plans to file a lawsuit against JPMorgan Chase within the next two weeks, accusing the bank of "improper debanking" him following an incident on January 6, 2021. Trump denied a Wall Street Journal report that JPMorgan Chase CEO Jamie Dimon had been proposed as chairman of the Federal Reserve, calling the claim "completely untrue."

The report points out that Trump and his family members have repeatedly stated publicly that several major U.S. banks have refused to provide them with financial services in recent years, prompting them to increase their investment in the cryptocurrency sector. Trump's son, Donald Trump Jr., has stated that the family was forced into the cryptocurrency industry due to restrictions on banking services, and believes that cryptocurrency is an important direction for the future financial system.

In addition, World Liberty Financial, a decentralized finance platform supported by Trump, has applied for a banking license and launched the stablecoin USD1, attempting to establish a new business model between traditional and crypto finance. JPMorgan Chase previously denied any "de-banking" practices targeting its clients and had not responded to Trump's latest remarks as of press time. (DL News)

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