Trump Draws a Line in Traditional Finance, JPMorgan as the Target
The clash between politics and Wall Street has escalated. On January 17, Trump heavily criticized JPMorgan on his social media platform, vowing to file a lawsuit within two weeks. His accusations are straightforward: after the January 6 Capitol events in 2021, this financial giant "cut off" his accounts—freezing assets and refusing service. The bank denies this was politically motivated discrimination but has yet to directly respond to the threat of legal action.
Notably, the rift between Trump and JPMorgan CEO Jamie Dimon has long been rumored. It is said that Trump once invited Dimon to serve as Federal Reserve Chair, but was rejected. The two have also clashed fiercely over issues like monetary policy and credit card interest rate caps.
Why is this dispute closely related to the crypto market? The key point is this—members of Trump's family have openly admitted that their difficulty in obtaining financial services from large banks forced them to turn to cryptocurrencies. In August last year, Trump even signed an executive order explicitly prohibiting banks from refusing clients based on political stance. These series of actions are quietly shifting market expectations.
A question worth pondering has emerged: Will this confrontation between traditional finance and politics become a catalyst for easing crypto regulations in the U.S.? Will the actual needs and public stance of Trump's family toward cryptocurrencies influence the policy balance at the national level? These uncertainties are fermenting in the minds of crypto market participants.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
6
Repost
Share
Comment
0/400
ImpermanentTherapist
· 2h ago
JPMorgan might have messed up this time; Trump's pivot to embrace crypto is not just talk
His true identity has been exposed, it's always the same game of politics and interests
Bank cards around the neck, let's go on-chain, simple and straightforward
I'm actually a bit hopeful about the regulatory easing, although it might not go so smoothly
Political and business infighting, in the end, it's us retail investors who benefit, we're used to it
Dimon probably didn't expect to be taken down so hard, serves him right
Crypto might really take off this time, provided there's no black swan event again
Banks shooting themselves in the foot, can't blame others for investing in crypto
An insider stopped the trade, this show is quite entertaining
Trump is serious this time, betting on crypto is a whole different game
View OriginalReply0
SandwichTrader
· 2h ago
JPMorgan is in trouble now, and it's really because Trump is getting angry. The issue of bank account closures should have been addressed long ago, and now someone is stepping up to defend us.
View OriginalReply0
DarkPoolWatcher
· 2h ago
Whoa, Trump has been banned by JPMorgan? This is getting interesting. Politicians are now relying on the crypto world to survive.
View OriginalReply0
BloodInStreets
· 2h ago
JPMorgan really hit a nerve this time, with political forces stepping in... Actually, the logical chain is quite clear: bank cut-off → shift to crypto → policy push from the authorities. Yeah, sometimes these "forced" demands are the real trigger.
View OriginalReply0
UnluckyValidator
· 3h ago
Wow, JPMorgan is really shooting itself in the foot. Now even banks have to fear politicians?
Wait, what does this mean... The Trump family being pushed into crypto, does that mean we folks are just riding the coattails?
Will crypto regulation really loosen up, or is this just another empty promise?
View OriginalReply0
BuyTheTop
· 3h ago
Haha, JPMorgan Chase is in trouble now, forced to get close to crypto—probably dreaming about it.
Traditional finance really needs to wake up. Continuing like this will only push more people into the crypto space.
Trump's move was brilliant, with everything from struggles to policy tilt in place.
This is exactly what I've been saying: institutions dislike us, but it actually gives us the best opportunity to rise.
Political struggles have instead become a booster for crypto—brilliant.
#数字资产市场动态 $ME $DUSK $STO
Trump Draws a Line in Traditional Finance, JPMorgan as the Target
The clash between politics and Wall Street has escalated. On January 17, Trump heavily criticized JPMorgan on his social media platform, vowing to file a lawsuit within two weeks. His accusations are straightforward: after the January 6 Capitol events in 2021, this financial giant "cut off" his accounts—freezing assets and refusing service. The bank denies this was politically motivated discrimination but has yet to directly respond to the threat of legal action.
Notably, the rift between Trump and JPMorgan CEO Jamie Dimon has long been rumored. It is said that Trump once invited Dimon to serve as Federal Reserve Chair, but was rejected. The two have also clashed fiercely over issues like monetary policy and credit card interest rate caps.
Why is this dispute closely related to the crypto market? The key point is this—members of Trump's family have openly admitted that their difficulty in obtaining financial services from large banks forced them to turn to cryptocurrencies. In August last year, Trump even signed an executive order explicitly prohibiting banks from refusing clients based on political stance. These series of actions are quietly shifting market expectations.
A question worth pondering has emerged: Will this confrontation between traditional finance and politics become a catalyst for easing crypto regulations in the U.S.? Will the actual needs and public stance of Trump's family toward cryptocurrencies influence the policy balance at the national level? These uncertainties are fermenting in the minds of crypto market participants.