Trump sues JPMorgan Chase for $5 billion, claiming entry into the crypto industry was due to being blacklisted by major banks

Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, accusing the bank of refusing to provide financial services to him and his businesses for political reasons. He hinted at taking legal action over the weekend on the Truth Social platform. The Trump family claims they were forced into the cryptocurrency industry because they were blacklisted by major banks.

His son, Donald Trump Jr., stated, "We got into cryptocurrency because we were de-banked." Meanwhile, World Liberty Financial, supported by the Trump family, has applied for a banking license this month to promote its stablecoin business.