Trump Signs Order Aimed At Preventing Illicit Financial Activity

Trump has repeatedly accused banks of discriminating against conservatives and has filed a $5 billion lawsuit against JPMorgan Chase and its CEO over the closure of his accounts following the Jan. 6, 2021, Capitol riot.

JPMorgan Chase said in January, “Our company does not close accounts for political or religious reasons. We do close accounts because they create legal or regulatory risk for the company. We regret having to do so, but often rules and regulatory expectations lead us to do so.”

At the same time, the White House has overseen a broader deregulatory push that has benefited firms outside the