JPMorgan CEO Calls For A Shut Down Of Bitcoin And The Crypto Industry: Here’s How Social Media Mocked Him
Published by
Benzinga
Benzinga
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon reiterated on Wednesday his long-standing opposition to Bitcoin (CRYPTO: BTC) and other cryptocurrencies, going so far as to suggest the government should shut down the industry. Dimon, testifying before a U.S. Senate Committee, expressed his deep-seated skepticism of cryptocurrencies, claiming they are primarily used for illegal activities, such as money laundering and drug trafficking. He also stated concerns about the anonymity of cryptocurrencies, arguing that they make it easier for criminals to move funds undetected. “I have always been de…