{"id":54455,"date":"2025-12-08T04:17:01","date_gmt":"2025-12-08T04:17:01","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=54455"},"modified":"2025-12-08T04:17:01","modified_gmt":"2025-12-08T04:17:01","slug":"grow-up-we-debank-democrats-we-debank-republicans-jpmorgan-ceo","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=54455","title":{"rendered":"Grow up&#8230; We debank Democrats, we debank Republicans:\u2019 JPMorgan CEO"},"content":{"rendered":"<p>It was only last month when Jack Mallers, CEO of Bitcoin payments company Strike, accused JPMorgan of closing his personal accounts without explanation.<\/p>\n<p data-ct-non-breakable=\"undefined\">JPMorgan CEO Jamie Dimon has denied debanking customers based on their religious or political affiliation and stated that he has actually been working to change the rules surrounding debanking for over a decade.\u00a0<\/p>\n<p>During an interview with Fox News\u2019 \u201cSunday Morning Futures\u201d on Sunday, Dimon said his bank has cut off services to people from all walks of life, but political affiliations have never been a factor.<\/p>\n<p data-ct-non-breakable=\"undefined\">Devin Nunes, the chair of the President\u2019s intelligence advisory board and CEO of Trump Media, alleges the company was debanked by JPMorgan and that it was among more than 400 Trump\u2011linked individuals and organizations that had banking records subpoenaed by special counsel Jack Smith as part of an investigation.<\/p>\n<p>Jack Mallers, the CEO of the Bitcoin Lightning Network payments company Strike, also accused JPMorgan of closing his personal accounts without explanation last month, which sparked concerns about another Operation Chokepoint 2.0.<\/p>\n<p data-ct-non-breakable=\"undefined\">Houston Morgan, the head of marketing at non-custodial crypto trading platform ShapeShift, shared a similar story in November.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-12\/019afbfe-571c-7bd5-b276-ed851df07c0b\" alt=\"Politics, Government, Banks, United States, JPMorgan Chase\" \/><figcaption><em>JPMorgan CEO Jamie Dimon maintains his institution doesn\u2019t debank people for political affiliations. Source: <\/em><em>YouTube\u00a0<\/em><\/figcaption><\/figure>\n<p data-ct-non-breakable=\"undefined\">\u201cPeople have to grow up here, OK, and stop making up things and stuff like that,\u201d Dimon said. \u201cI can\u2019t talk about an individual account. We do not debank people for religious or political affiliations,\u201d said Dimon.<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cWe do debank them. They have religious or political affiliations. We debank people who are Democrats. We debank people who are Republicans. We have debanked different religious folks. Never was that for that reason.\u201d<\/p><\/blockquote>\n<h2>Dimon said he wants debanking rules to change<\/h2>\n<p>Crypto firms have been facing account closures and denials of banking services for years, and many in the industry have stated that these actions are part of a policy-driven effort to suppress the digital assets sector.<\/p>\n<p data-ct-non-breakable=\"undefined\">However, Dimon said he doesn\u2019t like debanking and wants the rules around reporting requirements that can lead to debanking to change.<\/p>\n<blockquote><p>\u201cI actually applaud the Trump administration, who\u2019s trying to say that debanking is bad and we should change the rules. Well, damn it, I have been asking to change the rules now for 15 years. So change the rules.\u201d<\/p><\/blockquote>\n<p data-ct-non-breakable=\"undefined\">\u201cIt is really customer unfriendly, and we\u2019re debanking people because of suspected things, or negative media, or all these various things,\u201d Dimon added.<\/p>\n<p data-ct-non-breakable=\"undefined\">In August, US President Donald Trump signed an executive order directing banking regulators to investigate claims of debanking made by the crypto sector and conservatives.<\/p>\n<h2>JPMorgan made recommendations to curb debanking: Dimon\u00a0<\/h2>\n<p>Dimon said one of the rules banks are required to follow is sharing information with the government when subpoenaed, but he also claims JPMorgan has provided recommendations to reduce reporting and instances of debanking.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><em><strong>Republicans urge action on market structure bill over debanking claims<\/strong><\/em><\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cWe don\u2019t give information to the government just because they ask. We\u2019re subpoenaed. We are required by court to give it to the government. And I have been following subpoenas with this administration, the last administration, the administration before that and the one before that. And I don\u2019t agree with a lot of it,\u201d Dimon said.<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cThe government does a lot of things that can anger banks. So, let\u2019s just take a deep breath and fix the problems, as opposed to, like, blame someone who\u2019s put in that position,\u201d he added.<\/p>\n<p data-ct-non-breakable=\"undefined\">At the same time, Dimon said both sides of politics are equal offenders when it comes to leaning on banks.<\/p>\n<blockquote><p>\u201cDemocratic and Republican governments have come after us both; let\u2019s not act like this is just one side doing this. This has been going on for a long time. And we should stop militarizing the government that kind of way.\u201d<\/p><\/blockquote>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. 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Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was only last month when Jack Mallers, CEO of Bitcoin payments company Strike, accused JPMorgan of closing his personal accounts without explanation. JPMorgan CEO Jamie Dimon has denied debanking customers based on their religious &hellip; <a title=\"Grow up&#8230; We debank Democrats, we debank Republicans:\u2019 JPMorgan CEO\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=54455\"><span class=\"screen-reader-text\">Grow up&#8230; We debank Democrats, we debank Republicans:\u2019 JPMorgan CEO<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":54457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-54455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grow up... 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