[JPMorgan Admits to Closing Trump Accounts, Trump Family Turns to Crypto Sector] Former JPMorgan Chief Administrative Officer Dan Wilkening admitted in court documents that the bank closed commercial and private banking accounts related to Trump in February 2021. This marks the first official acknowledgment by JPMorgan of its 'debanking' actions against Trump. Trump filed a lawsuit against JPMorgan at the end of January this year, seeking $5 billion in damages and accusing the bank of illegally terminating accounts for political reasons. JPMorgan spokesperson Trish Wexler responded, stating that the account closures were based on legal or regulatory risks. Eric Trump, Trump's son, revealed that the family has fully shifted to the crypto sector due to 'debanking' and has established the crypto platform World Liberty Financial.