The federal government's use of its power has escalated to unprecedented heights, raising significant concerns among conservatives.
In a startling development, Special Counsel Jack Smith covertly issued a subpoena to J.P. Morgan Chase, seeking the private banking records of Trump Media and Technology Group. This action is particularly controversial given that the company did not exist during the events of January 6, the period ostensibly under investigation.
As reported by Gateway Pundit, this maneuver was brought to light by Trump Media CEO Devin Nunes, who views it as a blatant example of the Justice Department's overreach, extending its influence beyond reasonable or legal boundaries. Trump Media only became a public entity in 2024, several years after the incidents Smith's investigation is purportedly examining.
Despite this, Smith's operation, codenamed "Arctic Frost," targeted the financial records of Truth Social, suggesting an unfounded connection to the Capitol protests.
The rationale behind subpoenaing a non-existent company at the time of the alleged crime remains elusive, unless viewed through a political lens. Nunes, in a conversation with Fox News host Maria Bartiromo, highlighted the unjustified and clandestine nature of the subpoena. Trump Media was kept in the dark, while J.P. Morgan Chase, a global banking giant, complied without hesitation. This cooperation, particularly for a Florida-based company, might have breached both state and federal statutes. Yet, the bank's actions did not stop there.
During the peak of Trump Media's public offering in early 2024, as Truth Social was on the verge of going public and raising $250 million, J.P. Morgan made the abrupt decision to "debank" the company. This move, coinciding with its collaboration with the Biden Department of Justice, effectively undermined a significant free speech initiative. It stands as a stark example of corporate compliance with political pressure.
J.P. Morgan later asserted to Fox News that it does not terminate accounts for political reasons. However, Nunes's narrative suggests otherwise. The timing of the debanking, the secret subpoena, and the coordination with the Justice Department indicate a broader pattern: financial institutions seemingly executing the agenda of partisan prosecutors. This is not an isolated incident. Smith's team also sought phone records from Verizon and AT&T, continuing a strategy reminiscent of the Russia investigation that Nunes exposed years ago.
The implications are clear: aligning with President Trump could render one's privacy, finances, and even corporate existence vulnerable to scrutiny. As the investigations proceed, Trump Media is determined to explore all legal options to uncover the origins of the subpoenas, identify those who sanctioned them, and understand why a major American bank turned against a legitimate enterprise.
The principle of free speech should remain untainted by the political affiliations of those in control of the Department of Justice. The ongoing saga underscores the need for vigilance in safeguarding individual and corporate rights against governmental overreach.
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