regulatory
confidence high
sentiment negative
materiality 0.70
Trump Media reveals secret subpoena of bank records by Special Counsel Jack Smith
Trump Media & Technology Group Corp.
- CEO Devin Nunes issued a statement on Oct 30, 2025, disclosing a secret subpoena from Special Counsel Jack Smith for Trump Media's bank records at J.P. Morgan Chase.
- Subpoena was part of a probe targeting over 400 Trump-linked individuals and organizations, as revealed by the Senate Judiciary Committee.
- Trump Media states it did not exist at the time of the events Jack Smith was investigating.
- Nunes called the subpoena a 'stunning abuse of power' and demanded answers from the SEC and J.P. Morgan regarding potential leaks.