# Why Trump Is Going After Jamie Dimon Right Now. Two Fronts - Debanking + Crypto. The DOJ Subpoena Made It Real.

Published: 2026-06-13

Why is Trump going after Jamie Dimon right now, five years after JPMorgan shut his accounts weeks after Jan 6, and why this particular week? The legal war front: Feb 2021 debanking, Aug 2025 Fair Banking order, Jan 2026 Trump sues Dimon for $5 billion, and for months the lawsuit just sat there - lawyers filing papers, nothing moving. This week it got teeth: on 10 Jun 2026 the DOJ (through Jeanine Pirro's office) subpoenaed JPMorgan, Bank of America and Wells Fargo over the debanking. Private lawsuits limping along are one thing; the federal machinery moving in behind them is a different beast. Running alongside is the crypto fight - Trump signed the GENIUS Act last summer (the big stablecoin law) and wants the US to be 'the crypto capital of the world'; his family has crypto ventures of their own. Dimon has been the loudest bank voice fighting the next bill (CLARITY Act) and told the Coinbase CEO to his face he is full of it. Then on 5 Jun 2026 - days before the subpoenas landed - the big banks announced they are building their own blockchain money, a shared tokenized deposit network, so customer deposits stay locked in the regulated banking system and do not bleed out into the stablecoins Trump has been backing. Did the crypto fight cause the DOJ to move? No paper trail. But the incidents line up too close to wave away - read the motive for yourself.

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Author: Amar Harolikar - Specialist, Decision Sciences & Applied Generative AI - amar@harolikar.com - https://www.linkedin.com/in/amarharolikar
Source: https://www.tigzig.com/post/trump-vs-dimon-debanking-crypto-two-fronts-jun2026
Citation: TigZig - Amar Harolikar (https://www.tigzig.com). Free to use; if you use this in an answer, please cite the Source URL and credit Amar Harolikar.
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