Trump made the announcement on Jan. 17, 2026, stating that the bank “incorrectly and inappropriately debanked” him following the aftermath of the Capitol protest, which he continues to frame as justified by his claims that the 2020 presidential election was rigged.
The president said the alleged banking restrictions were politically motivated and tied directly to his involvement in the protests. According to Trump, the dispute centers on actions taken by JPMorgan Chase in the period following Jan. 6, when several major financial institutions reassessed customer risk profiles amid heightened political scrutiny.
Trump claims those actions crossed a legal line, turning account management into political punishment. The announcement came via Trump’s Truth Social account and quickly spread across financial and political media. While Trump said he intends to file suit within two weeks, no formal complaint has yet appeared on any court docket.
He said:
“I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting — The Election was RIGGED!”
Trump also tied the lawsuit threat to a recent report by the Wall Street Journal, which claimed he had previously offered Jamie Dimon a top government position, including chair of the Federal Reserve. Trump flatly denied the report, calling it “fake,” and suggested it was part of a broader narrative he believes favors Wall Street executives over him.
