JPMorgan Chase Admits Closing Trump Accounts Following Capitol Attack

JPMorgan Chase has made a significant admission in court documents related to its business dealings with Donald Trump and his family.

The bank confirmed that it closed bank accounts belonging to Trump and his businesses in February 2021, following the January 6 Capitol attack. This marks the first time JPMorgan has publicly acknowledged the account closures.

The move had a profound impact on the Trump family's financial situation, leading them to explore alternative banking options, including cryptocurrency. Eric Trump, one of the president's sons, stated that being 'debanked' directly led the family to embrace crypto.