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JPMorgan Chase has for the first time admitted to closing Trump's account following the Capitol Hill incident, a move seen as prompting the Trump family to shift their focus to the crypto space.

 Eric Trump, son of Trump, has repeatedly stated that it was precisely due to "debanking" that the family fully turned to the crypto field.

He revealed that Capital One once closed 300 of his bank accounts overnight, and this experience directly led him to take the lead in founding the Trump family crypto platform World Liberty Financial.

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