Jamie Dimon, renowned CEO of banking giant JPMorgan Chase, sparked controversy this week with negative statements about Bitcoin and the broader cryptocurrency industry. Testifying before Congress, Dimon claimed he is “deeply opposed to crypto” and that he would “close down” Bitcoin if he held a government position.
Keypoints
- Jamie Dimon, CEO of JPMorgan Chase, said he is “deeply opposed” to crypto and that he would “close down” Bitcoin if he were in government
- He stated the “only true use case” for crypto is for criminals, drug traffickers, money laundering, and tax avoidance
- Crypto supporters highlighted JPMorgan’s history of fines and violations, totaling $39 billion under Dimon’s leadership
- Despite his anti-crypto comments, JPMorgan has launched its own token JPM Coin and a tokenization platform
- Decentralized cryptocurrencies like Bitcoin likely can’t be fully shut down by any government…
