Trump Sues JPMorgan, CEO Dimon for $5B Over Debanking Claims

• Trump files $5 billion lawsuit against JPMorgan and CEO over 2021 account closures.
• The president claims political discrimination while the bank cites federal regulations.
• JPMorgan plans JPM Coin integration with Canton Network throughout 2026 in phases.

President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon on Thursday in Florida state court, alleging the bank terminated accounts belonging to Trump and related business entities for political reasons. The account closures occurred in early 2021 following the January 6 Capitol riot and Trump’s departure from the White House after his electoral defeat to Joe Biden was confirmed.

“He debanked me,” Trump told reporters in Switzerland when asked about Dimon, hours after filing the Miami-Dade County lawsuit. Trump stated, “He shouldn’t be debanking. It’s so wrong. Jamie Dimon is not …

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