Trump Media & Technology Group Corp. (DJT) received a subpoena from Special Counsel Jack Smith’s office for its bank records at J.P. Morgan Chase covering the period from September 1, 2020 to October 31, 2021.
The subpoena requests all account statements, transaction histories, and correspondence related to DJT’s banking relationships during that period. DJT’s CEO Devin Nunes issued a statement criticizing the subpoena as an abuse of power and noting that the company did not exist at the time of the events under investigation.
DJT has reported significant financial challenges, with a Q2 2025 net loss of $20.0 million and 2024 revenue of $3.62 million, a 12.4% decline from the prior year. The subpoena adds regulatory scrutiny that could impact the company’s operations and investor confidence.
The subpoena is part of a broader investigation by Jack Smith, which has issued 197 subpoenas to Trump‑linked individuals and entities under the code name “Arctic Frost.” The investigation focuses on efforts to overturn the 2020 election and the handling of classified documents.
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