JPMorgan Chase Admits for the First Time Closing Trump's Bank Account After Capitol Hill Incident, Prompting Trump Family to Turn to Crypto

Odaily News JPMorgan Chase, the largest bank in the United States, has admitted that it terminated Donald Trump's bank accounts following the January 6, 2021, Capitol attack, a move that ultimately led the Trump family to venture into the cryptocurrency space.

According to court documents viewed by media outlets including Fortune and CNBC last week, Dan Wilkening, former Chief Administrative Officer of JPMorgan Chase, acknowledged that the bank decided to close accounts associated with Trump. This marks the first time JPMorgan has publicly admitted to taking such action.

In the lawsuit filed by Trump against JPMorgan, Wilkening wrote: "In February 2021, JPMorgan notified the plaintiff that certain accounts they held at JPMorgan Chase Commercial Banking (CB) and Private Banking (PB) would be closed." (Cointelegraph)