President Donald Trump has threatened to sue JPMorgan Chase over allegedly debanking him following the January 6, 2021 riot at the US Capitol.
“I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump said in a social media post.
( @realDonaldTrump – Truth Social Post )
( Donald J. Trump – Jan 17 2026, 11:13 AM ET )A front page Article in The Fake News Wall Street Journal states, without any verification, that I offered Jamie Dimon, of JPMorgan Chase, the job of Fed Chairman. T… pic.twitter.com/gQc41kUVcF
— Donald J Trump Posts TruthSocial (@TruthTrumpPost) January 17, 2026
Executive Order and Banking Practices
In August, Trump signed an executive order requiring banks to ensure they are not refusing financial services to clients based on 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 in office. At the time, JPMorgan said it does not close accounts for political reasons.
Trump and Family Turn To Crypto
After claiming that some of America’s biggest banks cut them off from services, Trump and his sons have pushed further into the world of crypto.
“We got into crypto because we were debanked,” Donald Trump Jr. said in a Fox News interview last year. “We had to come up with solutions,” he continued, adding that crypto was the most efficient way to go and “absolutely the future of banking.”
The Trump family is moving to take over TradFi services using crypto.
The $WLFI token backed by the Trump family, rolled out a lending platform for it's stablecoin 👑
This is great strategic move as they aim to establish the company as the crypto giant. I don't think this is a surprise to anyone who has been following 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 be use the digital token for payments.