Jamie Dimon, CEO of JPMorgan Chase, has dismissed allegations that the bank "debanked" Trump Media for political reasons, urging critics to "grow up" and cease fabricating claims.
In a Sunday interview with Fox News, Dimon addressed questions regarding claims made by Trump Media CEO Devin Nunes. Nunes alleged that JPMorgan Chase had debanked Trump Media despite previous statements from Dimon and the bank asserting they do not close accounts based on political affiliations.
"People have to grow up here, OK, and stop making up things and stuff like that," Dimon stated in response to Nunes's question. "We do not debank people for religious or political affiliations."
Dimon acknowledged that JPMorgan does close accounts but emphasized that such actions have affected both Democrats and Republicans. He further clarified that while the bank has "debanked different religious folks," it has "never was that for that reason."
Dimon also expressed his long-standing advocacy for changes to the regulations governing when bank accounts must be closed.
Reports of Account Closures Affecting Trump Officials and Crypto Community Members
The issue of debanking has become a significant concern within the cryptocurrency industry, with executives and companies frequently experiencing sudden account closures.
Nunes stated that Trump Media was among over 400 individuals and organizations associated with President Trump whose banking records were subpoenaed by special counsel Jack Smith as part of an investigation.
Similarly, Jack Mallers, CEO of Bitcoin Lightning Network payments company Strike, recently reported that his accounts were closed.
Yes. A proud moment.
So proud I got it framed. https://t.co/uo6v2Xfr8ppic.twitter.com/Myfo59Wn3B
— Jack Mallers (@jackmallers) November 23, 2025
His claims of account closures without explanation fueled fears of a recurrence of "Operation Chokepoint 2.0."
In November, ShapeShift's head of marketing, Houston Morgan, shared a comparable experience.
Many within the crypto industry perceive these events as part of a broader policy-driven initiative aimed at suppressing the digital asset sector.
According to Donald Trump's son, Eric Trump, President Donald Trump and his family were denied accounts by banks when he was out of office, which ultimately led them to embrace the cryptocurrency space.
Following his second term in the White House, Trump signed an executive order to address the alleged debanking of certain groups. This order directed banking regulators to investigate claims of debanking made by members of the crypto community and conservatives.
Dimon Advocates for Rule Changes Regarding Account Closures
Dimon expressed agreement that debanking is a detrimental practice.
"I actually applaud the Trump administration, who’s trying to say that debanking is bad and we should change the rules," Dimon remarked.
He stated that he has been working for years to effect changes in these regulations.
"Well, damn it, I have been asking to change the rules now for 15 years. So change the rules," he urged. "It is really customer unfriendly, and we’re debanking people because of suspected things, or negative media, or all these various things."
JPMorgan Faces Difficult Situations, According to Dimon
Dimon explained that JPMorgan and other major financial institutions are obligated to share customer information with the government when presented with subpoenas.
He noted that his bank has received subpoenas for customer records from "this administration, the last administration, the administration before that and the one before that," adding that he "doesn’t agree with a lot of it."
"The government does a lot of things that can anger banks," he said. "So, let’s just take a deep breath and fix the problems, as opposed to, like, blame someone who’s put in that position."