According to Mars Finance, Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, accusing the bank of refusing to provide financial services to him and his companies for political reasons. He announced the legal action on Truth Social over the weekend. The Trump family claims that they were forced into the cryptocurrency industry because they were blacklisted by major banks. Donald Trump Jr. stated, "We entered the cryptocurrency market because of debanking." World Liberty Financial, backed by the Trump family, applied for a banking license this month and is pushing its stablecoin business.
Trump filed a $5 billion lawsuit against JPMorgan Chase, claiming that its entry into the crypto industry was due to being blacklisted by major banks.
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