{"id":94560,"date":"2026-02-23T11:44:16","date_gmt":"2026-02-23T08:44:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94560"},"modified":"2026-02-23T11:45:10","modified_gmt":"2026-02-23T08:45:10","slug":"jpmorgan-acknowledges-closure-of-trump-family-accounts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jpmorgan-acknowledges-closure-of-trump-family-accounts\/","title":{"rendered":"JPMorgan Acknowledges Closure of Trump Family Accounts"},"content":{"rendered":"

JPMorgan confirmed the closure of Donald Trump’s accounts in 2021, a decision that prompted the politician’s family to explore digital assets, reports Fortune<\/a>. <\/p>\n

Dan Wilkening, a former top executive of the largest US bank, confirmed the account closures in court documents. Previously, the financial institution had refrained from making official comments on the incident.<\/p>\n

In January, Trump filed a lawsuit<\/a> against JPMorgan for $5 billion. He accused the organization of unlawfully terminating contracts and placing his family on an unofficial “blacklist.” The politician’s lawyers described the bank’s admission as direct evidence of the damage caused.<\/p>\n

JPMorgan representatives deemed the lawsuit unfounded. Spokesperson Trish Wexler stated<\/a> to CNN that the bank closes accounts only when there are legal and regulatory risks, not based on clients’ personal beliefs.<\/p>\n

The proceedings initially began in a Florida state court. The bank is now seeking to transfer the hearings to federal jurisdiction in New York, where the closed accounts were serviced.<\/p>\n

Back in October 2025, journalists from the Financial Times discovered<\/a> that President Trump’s family had earned over $1 billion from cryptocurrency projects.<\/p>\n

In February, an investment fund associated with UAE Sheikh Tahnoon bin Zayed Al Nahyan secretly acquired 49%<\/a> of the crypto project World Liberty Financial.<\/p>\n","protected":false},"excerpt":{"rendered":"

JPMorgan confirmed the closure of Donald Trump’s accounts in 2021, prompting his family to explore digital assets.<\/p>\n","protected":false},"author":1,"featured_media":94561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"JPMorgan confirmed Trump's account closures, prompting digital asset exploration.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,991,229],"class_list":["post-94560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-donald-trump","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"98","promo_type":"1","layout_type":"1","short_excerpt":"JPMorgan confirmed Trump's account closures, prompting digital asset exploration.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94560"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94560\/revisions"}],"predecessor-version":[{"id":94562,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94560\/revisions\/94562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94561"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}