JPMorgan CEO Jamie Dimon Says Rules, Not Politics, Drive Debanking – Crypto News

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. 

During an interview with Fox News’ “Sunday Morning Futures” 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.

Devin Nunes, the chair of the President’s intelligence advisory board and CEO of Trump Media, alleges the company was debanked by JPMorgan and that it was among more than 400 Trump‑linked individuals and organizations that had banking records subpoenaed by special counsel Jack Smith as part of an investigation.

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.

Houston Morgan, the head of marketing at non-custodial crypto trading platform ShapeShift, shared a similar story in November. 

“People have to grow up here, OK, and stop making up things and stuff like that,” Dimon said. “I can’t talk about an individual account. We do not debank people for religious or political affiliations.

“We 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.”

Dimon said he wants debanking rules to change

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.