JPMorgan CEO Jamie Dimon has denied allegations that the bank closes accounts based on political or religious affiliations. In an interview on Fox News’ “Sunday Morning Futures,” Dimon acknowledged that while JPMorgan has closed accounts of individuals from various backgrounds, political affiliation has never been a cause. These statements come amid accusations from Devin Nunes, chairman of the U.S. President’s Intelligence Advisory Board and CEO of Trump Media, who claimed JPMorgan closed accounts linked to former President Trump and that special counsel Jack Smith requested their banking records. Similarly, Strike CEO Jack Mallers accused JPMorgan of closing personal accounts without explanation, raising concerns about “Operation Checkpoint 2.0,” and Shift’s Houston Morgan shared a similar experience last November. Dimon emphasized that JPMorgan does not close accounts for political or religious reasons and highlighted the need to reform de-banking regulations. He noted that account closures and service suspensions of cryptocurrency companies have been ongoing for years, seen as attempts to suppress the digital asset sector. Dimon criticized the current rules as unfriendly to customers and supported efforts initiated during the Trump administration to amend these regulations. In August, President Donald Trump signed an executive order directing banking regulators to investigate claims of de-banking in the crypto sector and among conservatives. Dimon stated that JPMorgan complies with subpoenas issued by various governments but does not provide information without government orders. He criticized government actions that complicate banking operations and called for solutions rather than accusations. Dimon also urged an end to governmental pressure and aggressive actions against financial institutions from both political parties.
Source: binance
