Jamie Dimon dismissed accusations that JPMorgan Chase “debanked” Trump Media for political reasons, saying critics need to “grow up” and stop “making things up.”
In an interview with Fox News on Sunday, the JPMorgan CEO was questioned about claims made by Trump Media CEO Devin Nunes regarding an investigation into alleged efforts to overturn the 2020 presidential election.
“I’ve seen Jamie Dimon and others at JPMorgan say over and over again that they don’t debank people for political reasons,” Nunes said in a segment played during the show. “Well, why the hell did you debank Trump Media?”
“People need to grow up here, okay, and stop making things up and stuff like that,” Dimon says said in response. ”We do not judge people based on religious or political preferences.”
Dimon acknowledged that JPMorgan is debanking people, but said the bank has closed accounts for both Democrats and Republicans. He added that the bank “has debanked several religious people,” but “nIt was once for that reason.”
Dimon also said he has called for a change to the rules governing when bank accounts must be closed.
Trump Officials and Members of the Crypto Community Report Closed Accounts
Debanking is a flashpoint in the crypto industry, where executives and companies often experience sudden account closures.
Nunes said Trump Media was among more than 400 individuals and organizations tied to President Trump whose banking records had been subpoenaed by Special Counsel Jack Smith as part of an investigation.
Similarly, Jack Mallers, the CEO of Bitcoin Lightning Network payments company Strike, recently said his accounts had been closed.
Yes. A proud moment.
So proud that I framed it. https://t.co/uo6v2Xfr8p pic.twitter.com/Myfo59Wn3B
— Jack Mallers (@jackmallers) November 23, 2025
His allegations that the accounts had been closed without explanation had led to fears of a new Operation Chokepoint 2.0.
Meanwhile, ShapeShift’s head of marketing Houston Morgan shared a similar story in November.
Many in the crypto industry have said this is part of a broader policy-driven effort to suppress the digital asset sector.
President Donald Trump and his family also did not receive bills from the banks when he was not in office. This ultimately led them to embrace the crypto space, according to Trump’s son, Eric Trump.
After returning to the White House for a second term, Trump signed an executive order to address the alleged debanking of certain groups of people. In the order, he directed banking regulators to investigate all claims of debanking from members of the crypto community and conservatives.
Dimon says he wants the rules to change
Dimon said he agrees that debanking is bad.
“I actually applaud the Trump administration for trying to say that debanking is bad and we need to change the rules,” Dimon said.
He said he has worked for years to change the rules.
“Well, hell, I’ve been asking for the rules to be changed for 15 years now. So change the rules,” he said.
“It’s really customer unfriendly, and we’re turning people off because of suspicious things, or negative media, or all these different things.”
JPMorgan sometimes left in difficult situations, Dimon says
Dimon said JPMorgan and other major banks are required to share customer information with the government when subpoenaed.
He said his bank has received subpoenas for customer records from “this administration, the last administration, the administration before that and the one before that,” adding that he “disagrees with a lot of it.”
Dimon speaks on Fox News (Source: YouTube)
“The government does a lot of things that can make the banks angry,” he said. “So let’s take a deep breath and solve the problems, instead of blaming someone who is in that position.”
Related articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy-to-use, feature-driven crypto wallet
- Get early access to upcoming token ICOs
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#Jamie #Dimon #dismisses #Trump #Medias #claim #debanking