Trump Media and Technology Group CEO Devin Nunes recently disclosed that Special Counsel Jack Smith secretly subpoenaed J.P. Morgan Chase for the private banking records of Trump Media—even though the company did not exist during January 6, 2021, as originally reported by The Gateway Pundit.
According to Nunes, the Justice Department’s actions were part of Smith’s “Arctic Frost” investigation, a probe allegedly related to events surrounding the 2021 Capitol protest. Despite no connection between Trump Media and those events, Smith’s team sought financial data from J.P. Morgan without ever notifying the company.
In a Fox News interview with Maria Bartiromo, Nunes stated that Trump Media was never informed about the subpoena and only recently discovered that the bank had complied with federal investigators. The records reportedly included financial transactions unrelated to the scope of the special counsel’s mandate. Nunes argued that the cooperation between the bank and investigators raised serious legal and constitutional concerns.
It is important to note that Trump Media, headquartered in Florida, was not accused of any wrongdoing, and its formation came years after the January 6 protests. At the time the subpoena was issued, J.P. Morgan was reportedly handling accounts for Truth Social’s parent company.
As Trump Media prepared to go public in early 2024, aiming to raise approximately $250 million in a major stock offering, the bank suddenly closed the company’s accounts. This move, described by Nunes as “debanking,” occurred as the company was finalizing major financial transactions for its public listing. The abrupt closure hindered Trump Media’s operations and reportedly coincided with ongoing Justice Department activity involving the same accounts.
J.P. Morgan later stated to Fox News that it does not close accounts for political reasons, but the timing of the action has drawn scrutiny. Nunes called the bank’s decision and its willingness to comply with a secret subpoena “deeply concerning.” He also noted that this pattern mirrored earlier surveillance tactics used by federal agencies in investigations of Republican officials, including the acquisition of phone records from Verizon and AT&T during past probes.
Looking ahead, Nunes said Trump Media intends to pursue all available legal remedies to determine who ordered the subpoena, who authorized it, and whether J.P. Morgan’s cooperation violated any state or federal laws.
Trump Media went public in early 2024, several years after the events of January 6, and continues to face federal scrutiny. Nunes emphasized that the company’s leadership remains committed to uncovering the full scope of federal involvement in the subpoena process and ensuring that lawful businesses are not targeted for political reasons.
https://www.lifezette.com/2025/11/jack-smith-secretly-subpoenaed-trump-media-bank-records-through-j-p-morgan-chase-watch/