JPMorgan Chase has for the first time acknowledged that it closed Trump's accounts after the Capitol Hill incident, a move that is said to have prompted the Trump family to turn to the cryptocurrency sector

Eric Trump, the son of Donald Trump, has stated multiple times that it was due to experiencing "de-banking" that the family fully turned to the cryptocurrency sector. He revealed that Capital One had closed all 300 of their bank accounts overnight, and this experience directly prompted him to lead the establishment of the Trump family's cryptocurrency platform, World Liberty Financial.