Overview
- In Fox interviews, the JPMorgan CEO said the bank closes accounts across affiliations but never because of politics or religion.
- Dimon said he dislikes debanking yet must follow strict reporting and risk requirements that can force terminations.
- Responding to Trump Media’s Devin Nunes, he said JPMorgan turns over records only under court subpoena and cannot discuss specific accounts.
- The controversy intensified after crypto figures, including Strike’s Jack Mallers and ShapeShift’s Houston Morgan, reported unexplained account closures and raised fears of Operation Chokepoint 2.0.
- Dimon urged regulators to change rules he has sought to reform for about 15 years and noted President Trump’s August order directing a federal review of debanking claims.