JP Morgan Chase’s boss, Jamie Dimon, takes a swipe at crypto throughout a Senate
listening to. From shutting it right down to crypto crime accusations, Dimon seems
disdainful of something digital and decentralized.
Earlier than he quits, or would not, Jamie Dimon, the sharp-suited determine on the high of JP Morgan Chase,
as soon as once more raises his scepter, this time aiming at crypto. In a Senate Banking Committee
listening to, Dimon proclaimed that if he have been the U.S. authorities, he’d
unceremoniously “shut it down.” So, is that this simply one other chapter in
Dimon’s dislike of decentralized?
Jamie Dimon on the cryptocurrency trade: “I would shut it down” https://t.co/vimnFywEjk
— CBS Mornings (@CBSMornings) December 10, 2023
Dimon, an enormous title in conventional finance, denounced cryptocurrencies ,
claiming their main gig is with criminals. Based on him, crypto’s
backstage is a shadowy world of drug lords, cash launderers, and tax evaders.
It appears Dimon shouldn’t be one to understand the beat of the decentralized drum.
Crypto Crime: Dimon’s Accusations
Senator Elizabeth Warren set him off on a litany of accusations in opposition to crypto. He pointed to the darkish alleyways the place
terrorists, drug traffickers, and rogue nations allegedly dance to the crypto
tune. Dimon’s concern? The velocity and stealth of digital property, permitting funds
to maneuver around the globe nearly instantaneously. We actually do know that Hamas have been accused of funding their operations in opposition to Israel utilizing bitcoin, let’s give him some credit score.
Dimon’s Fascination with Blockchain
Regardless of his disdain for decentralized cryptocurrencies, Dimon’s JP
Morgan is within the potential of blockchain. A current partnership with
Apollo World and Avalanche birthed an asset administration proof-of-concept, a
pirouette inside MAS’ Mission Guardian. A ballet of blockchain , maybe a
grudging acknowledgment of the decentralized waltz. In any case, they’re additionally deep into AI.
Now, you’ll should excuse us right here. With all this speak of criminality, we’ll
take pleasure in a little bit stating that Mr. Dimon has simply right this moment featured in a narrative on
Finance Magnates the place he’s in, let’s assume, lower than great firm,
given his personal previous of … crusing too near the wind. We propose that you just
try this text and browse to the tip. And at that time, ask your self, is
the pot calling the kettle black?
JP Morgan Chase’s boss, Jamie Dimon, takes a swipe at crypto throughout a Senate
listening to. From shutting it right down to crypto crime accusations, Dimon seems
disdainful of something digital and decentralized.
Earlier than he quits, or would not, Jamie Dimon, the sharp-suited determine on the high of JP Morgan Chase,
as soon as once more raises his scepter, this time aiming at crypto. In a Senate Banking Committee
listening to, Dimon proclaimed that if he have been the U.S. authorities, he’d
unceremoniously “shut it down.” So, is that this simply one other chapter in
Dimon’s dislike of decentralized?
Jamie Dimon on the cryptocurrency trade: “I would shut it down” https://t.co/vimnFywEjk
— CBS Mornings (@CBSMornings) December 10, 2023
Dimon, an enormous title in conventional finance, denounced cryptocurrencies ,
claiming their main gig is with criminals. Based on him, crypto’s
backstage is a shadowy world of drug lords, cash launderers, and tax evaders.
It appears Dimon shouldn’t be one to understand the beat of the decentralized drum.
Crypto Crime: Dimon’s Accusations
Senator Elizabeth Warren set him off on a litany of accusations in opposition to crypto. He pointed to the darkish alleyways the place
terrorists, drug traffickers, and rogue nations allegedly dance to the crypto
tune. Dimon’s concern? The velocity and stealth of digital property, permitting funds
to maneuver around the globe nearly instantaneously. We actually do know that Hamas have been accused of funding their operations in opposition to Israel utilizing bitcoin, let’s give him some credit score.
Dimon’s Fascination with Blockchain
Regardless of his disdain for decentralized cryptocurrencies, Dimon’s JP
Morgan is within the potential of blockchain. A current partnership with
Apollo World and Avalanche birthed an asset administration proof-of-concept, a
pirouette inside MAS’ Mission Guardian. A ballet of blockchain , maybe a
grudging acknowledgment of the decentralized waltz. In any case, they’re additionally deep into AI.
Now, you’ll should excuse us right here. With all this speak of criminality, we’ll
take pleasure in a little bit stating that Mr. Dimon has simply right this moment featured in a narrative on
Finance Magnates the place he’s in, let’s assume, lower than great firm,
given his personal previous of … crusing too near the wind. We propose that you just
try this text and browse to the tip. And at that time, ask your self, is
the pot calling the kettle black?
