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‘Grow up... We debank Democrats, we debank Republicans:’ JPMorgan CEO

JPMorgan CEO Jamie Dimon denies that the bank debanks customers based on political or religious affiliations, stating it has closed accounts for people across the political spectrum, including Democrats and Republicans, but never for those reasons. He emphasizes that debanking occurs due to compliance with government subpoenas and other risk factors, not political bias. Dimon reveals he has advocated for over 15 years to change debanking rules, which he calls "customer unfriendly," and applauds the Trump administration's efforts to address the issue. The comments follow accusations from Trump-linked entities and crypto firms, like Strike and ShapeShift, about account closures, raising concerns over financial censorship. Dimon urges reform rather than blame, noting both Democratic and Republican administrations have pressured banks.

cointelegraph12/08 03:41