JPMorgan CEO Comes Hard for Bitcoin, Calls it Tool for Criminals
Jamie Dimon, CEO of JPMorgan Chase, criticized Bitcoin and other cryptocurrencies in Washington D.C., suggesting they should be banned.
“I’ve always been deeply opposed to crypto, bitcoin, etc.,” the head of the largest U.S. bank by assets said under questioning from Sen. Elizabeth Warren, D-Mass., during a Senate Banking Committee hearing. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance.”
