With the media focused on President Biden (D) and his mishandling of classified documents, a report appears to have flown under the radar that wouldn’t normally have given the circumstances. Sen. Marco Rubio (R-FL) brought this story to light as it has now been made known that JPMorgan Chase is teaming up with the Chinese Communist Party company known as ByteDance, which infamously produced and maintained the social media giant TikTok.
The partnership is said to allow ByteDance the ability to further “develop in-app payment technology for its products.”
Sen. Rubio says that with JPMorgan Chase’s assistance, the Chinese Communist Party (CCP) will be “given additional tools to track, trace, view, and monitor Americans' payments — all data that could be shared directly with the CCP.”
Because of this, Rubio wrote a letter to the CEO of JPMorgan Chase Jamie Dimon criticizing the legacy bank for the decision as well as stating the possible consequences for Americans due to the new partnership.
“It is outrageous that JPMorgan Chase would elect to join ByteDance in a partnership geared toward broadening and deepening the company’s, and as a result, the CCP’s, access to countless volumes of user data,” writes Rubio to Dimon.
This is certainly not the first time Sen. Rubio has called out the CCP for its connection to TikTok and its alleged purpose of stealing important information from American citizens. Rubio also accused JPMorgan Chase of “carrying water for Beijing” as well as completely disregarding the Uyghur genocide.
“It is concerning enough for JPMorgan Chase to carry water for Beijing and falsely characterize ByteDance’s ‘mission [as] to inspire creativity and enrich life,’ rather than disseminate CCP propaganda and censor references to the Uyghur genocide. Even more alarming, however, is that JPMorgan Chase is now actively working with ByteDance to enlarge its capacity for ‘real-time data exchange, track and trace’ and to ‘see and monitor payments’ in light of its repeated gross abuses of user information,” stated Rubio.
Rubio believes that with this new partnership, JPMorgan Chase has “effectively handed the combination to the vault to the CCP, as well.”