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President Trump took decisive action this week, filing a $5 billion lawsuit against banking giant JPMorgan Chase and its CEO Jamie Dimon over what his lawyers call politically motivated “debanking” following the January 6, 2021 events. The complaint, lodged in Miami-Dade County on January 22, 2026, accuses the bank of abruptly closing multiple accounts in early 2021 and of placing the president and his businesses on a reputational blacklist that chilled their access to financial services.
The lawsuit lays out stark allegations that JPMorgan gave only 60 days’ notice when it shuttered accounts and offered no adequate explanation, harming operations and forcing emergency banking changes. Trump’s legal team says the bank’s actions were driven by politics rather than legitimate legal or regulatory concerns, a charge that cuts to the heart of private-sector accountability.
Alejandro Brito, Trump’s Miami-based lawyer who has handled other high-profile suits for the former president, is leading the case and frames it as more than a personal grievance—it is a fight against corporate overreach. Brito’s involvement and the choice of Florida state court underscore a strategy by conservatives to use state law protections against politically motivated financial discrimination.
JPMorgan has pushed back, saying it “does not close accounts for political or religious reasons” and that account closures stem from legal or regulatory risk assessments. That defense will be closely scrutinized in court, because when massive banks hide behind vague claims of “reputational risk” they erase accountability and let woke compliance teams dictate who may participate in commerce.
This lawsuit is part of a broader conservative fight to rein in the unaccountable corporate class that quietly decides who can speak, invest, or do business in America. When national institutions can cut off a president’s financial lifelines without transparent justification, every citizen should be alarmed — today’s political censorship can become tomorrow’s economic exclusion for patriots, small businesses, and faith-based organizations.
Critics will call this spectacle political theater, but make no mistake: the stakes are practical and immediate for millions of Americans who depend on reliable banking relationships. Courts will now be forced to test whether banks can weaponize compliance into a tool of partisan exclusion, and whether the rule of law still protects citizens against private-sector power plays.
If the allegations hold up, this case could send a chilling message to corporate elites who believe they can pick winners and losers based on ideology. Conservatives should watch this fight closely and demand that our financial system operate under transparent, politically neutral rules — because a free market that discriminates is not free at all.
