Trump’s JPMorgan Chase lawsuit revives debanking concerns in US
Workers in ‘risky’ industries and many religious and ethnic groups have been denied access to financial services.

Workers in ‘risky’ industries and many religious and ethnic groups have been denied access to financial services.




![Residents in Hood County, Texas describe the 24/7 hum of cooling fans of a nearby crypto mining facility as “torture,” while operators defend the project as a major jobs and tax boost. [Al Jazeera]](/wp-content/uploads/2025/12/image-1766421535.jpg?resize=770%2C513&quality=80)
![Bitcoin has lost $1.2 trillion in market value over the last six weeks [File: Dado Ruvic/Reuters]](/wp-content/uploads/2025/11/2025-11-18T105107Z_1670925093_RC2KCBA02VPW_RTRMADP_3_FINTECH-CRYPTO-BITCOIN-1763482151.jpg?resize=770%2C513&quality=80)
![Chinese national Zhimin Qian, alias Yadi Zhang, who was convicted for her role in a multibillion-dollar Bitcoin fraud [Photo by Metropolitan Police/AFP]](/wp-content/uploads/2025/11/AFP__20251111__83NM6WH__v1__HighRes__FilesBritainChinaCrime-1762917274.jpg?resize=770%2C513&quality=80)
![Donald Trump speaks at the Bitcoin 2024 Conference in Nashville, Tenn. [File: Mark HumphreyAP]](/wp-content/uploads/2025/01/AP24316659779468-1737411241.jpg?resize=770%2C513&quality=80)

Crackdown targets entities and individuals linked to Prince Group network that used trafficked workers for global fraud.
Cryptocurrency entrepreneur faces up to 25 years in prison over the $40bn collapse of the TerraUSD and Luna tokens.
White House features crypto industry leaders investigated by the government, as critics highlight Trump’s crypto ties.
Advocates hope House bills will bring decentralised currency into US mainstream as Trump pushes ‘crypto week’.
A number of important digital asset laws are set to be voted on in the US this week.
If passed, it will establish for the first time a regulatory regime for stablecoins, a fast-rising financial product.
Experts say financial illiteracy, lax regulations, greed, economic hardship make people susceptible to scam companies.
Attempted abductions of ‘crypto tycoons’ are becoming more frequent and insurance companies are cashing in.

US President Donald Trump’s move to relax laws around cryptocurrency while promoting his own coins has been criticised.
Praise follows conflict of interest concerns after Trump launches his own coin and hosts a dinner for his investors.