Crypto Fetchs
  • Directory
  • Coins
    • Bitcoin
    • Dogecoin
    • Ethereum
    • Litecoin
    • Ripple
    • Tron
    • NFT
  • News
  • Blockchain
  • Slot
  • Trade
What's Hot

$TAC Token Debuts In TVL As TAC Mainnet Goes Dwell With Main DeFi Protocols

07/15/2025

PBK Miner Launches A New Mining Technique To Earn Passive Earnings From XRP, Simply Incomes $18,000 A Day

07/15/2025

MultiBank Group Broadcasts 7 Million $MBG Tokens Bought Out In Below One Hour Throughout Preliminary Pre-Sale

07/15/2025
  • Terms & Conditions
  • Contact
  • Privacy Policy
  • DMCA
Crypto Fetchs
  • Directory
  • Coins
    1. Bitcoin
    2. Dogecoin
    3. Ethereum
    4. Litecoin
    5. Ripple
    6. Tron
    7. NFT
    8. View All

    Solana Worth $130 Breakdown Looms Amid Declining Community Exercise

    06/29/2025

    Cryptocurrency is Right here to Keep: Senator John Thune

    06/11/2025

    Connecticut Bans State Investments in Bitcoin Beneath New Legislation

    06/11/2025

    Societe Generale to Launch USD Stablecoin

    06/10/2025

    Why Good Traders Belief Regulated Brokers Like Nemo

    07/11/2025

    Ethereum Bulls Hit as 62K ETH Flows to Exchanges Right this moment

    07/01/2025

    Is Litecoin Value Able to Leap Above $100 Once more?

    06/21/2025

    Elon Musk Regrets Posting on Donald Trump

    06/11/2025

    Ethereum’s Battle for Restoration: Can ETH Keep away from Breaking Under $2,695?

    02/04/2025

    Ethereum Basis’s Gross sales Proceed to Predict Market Tops, Sale Precedes 17% Drop

    12/20/2024

    $10.8B Crypto Choices Expiry Triggers Market Volatility

    11/29/2024

    Ethereum Worth Evaluation: Is This Remaining Pullback Earlier than ETH Breaks $4000?

    11/27/2024

    Nemo Cash Expands Globally with Native Entry & AI Instruments

    07/14/2025

    Bitcoin Treasury Capital buys 81 bitcoins for $8.7 million

    06/28/2025

    Ripple (XRP) Ledger’s EVM Sidechain to Dwell in Q2

    06/12/2025

    XRP Worth Surge Eyes $2.54 as Ondo Finance Launches U.S. Treasuries on XRP Ledger

    06/11/2025

    From Crash to Comeback: Can XRP Flip $3.50?

    02/04/2025

    Ripple Will increase RLUSD Testing Forward of Stablecoin Launch: Studies

    12/05/2024

    Can Ripple Worth Hit $3 Amid Report of Rlusd Launching Right now

    12/05/2024

    XRP Worth Goal $2 Breakout with this Bullish Sample

    11/27/2024

    Tron (TRX) Surges to 6-Yr Excessive, Eyes $0.48 All-Time

    12/06/2024

    Justin Solar Cryptic Put up About TRX Future Mimic MicroStrategy

    12/05/2024

    H.E. Justin Solar, the founding father of TRON Basis, joins crypto’s elite on the International Blockchain Present hosted by VAP Group

    11/20/2024

    Justin Solar to Grace Dubai World Blockchain Present in December

    10/08/2024

    Blur NFT Market Removes Third Social gathering Flags

    11/30/2023

    US Decide Guidelines Towards NBA Prime Shot; What Does It Imply For NFTs?

    11/30/2023

    Largest NFT Dump Ever; NFT Market To Crash?

    11/29/2023

    NFT Market Blur Surpasses OpenSea, However For How Lengthy?

    11/29/2023

    $TAC Token Debuts In TVL As TAC Mainnet Goes Dwell With Main DeFi Protocols

    07/15/2025

    PBK Miner Launches A New Mining Technique To Earn Passive Earnings From XRP, Simply Incomes $18,000 A Day

    07/15/2025

    MultiBank Group Broadcasts 7 Million $MBG Tokens Bought Out In Below One Hour Throughout Preliminary Pre-Sale

    07/15/2025

    Allnodes Amongst First To Launch Naked Steel Servers Powered By AMD Threadripper 9000 Collection

    07/15/2025
  • News

    $TAC Token Debuts In TVL As TAC Mainnet Goes Dwell With Main DeFi Protocols

    07/15/2025

    PBK Miner Launches A New Mining Technique To Earn Passive Earnings From XRP, Simply Incomes $18,000 A Day

    07/15/2025

    MultiBank Group Broadcasts 7 Million $MBG Tokens Bought Out In Below One Hour Throughout Preliminary Pre-Sale

    07/15/2025

    Allnodes Amongst First To Launch Naked Steel Servers Powered By AMD Threadripper 9000 Collection

    07/15/2025

    International Cryptocurrency Traders Flock To DNSBTC After Bitcoin Surges

    07/15/2025
  • Blockchain

    Nemo Cash Rolls Out International Multi-Asset Investing

    07/10/2025

    Bullish Indicators You Shouldn’t Miss

    06/26/2025

    Uniswap Value Surges on SEC’s DeFi Innovation Exemption Hints—Will UNI Maintain Its Momentum?

    06/12/2025

    Solana ETFs in 3-5 Weeks?: SEC Indicators Approval Progress

    06/11/2025

    CLARITY Act Provision Raises Trade Considerations On SEC Energy

    06/10/2025
  • Slot
  • Trade
Crypto Fetchs
Home»Coins»Bitcoin»CEO Trashes Crypto – Once more
Bitcoin

CEO Trashes Crypto – Once more

By 12/07/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


In a fiery declaration that reverberated by way of the monetary panorama, JPMorgan Chase’s formidable CEO, Jamie Dimon, as soon as once more launched a verbal assault on crypto.

Dimon, well-known for talking his thoughts, straightforwardly referred to as for a whole ban on digital currencies, linking them to prison actions with out holding again.

The CEO didn’t mince phrases at a Senate listening to alongside seven different huge financial institution bosses:

“If I used to be the federal government, I’d shut it down.”

In response to a query from Senator Elizabeth Warren, he said that he was adamantly in opposition to all types of crypto, together with bitcoin.

Dimon expressed worries that terrorists, drug sellers, and rogue states would use them as a method of finance and declared he would shut it down if he had been in cost.

Regardless that Dimon’s financial institution is deeply engaged in blockchain—the expertise that powers the $1.6 trillion cryptocurrency business—his feedback are the newest assault in opposition to the business.

Dimon Bashes Crypto

In earlier remarks, Dimon referred to bitcoin as “a hyped-up rip-off,” a time period he subsequently withdrew. As well as, he had in contrast it to a “pet rock.”

Despite his subsequent admissions of regret, he continued to make use of the time period “decentralized Ponzi scheme” to explain bitcoin and different digital currencies following his earlier tirades.

Dimon and different banking leaders, together with Brian Moynihan of Financial institution of America Corp., have asserted that their establishments have measures to cease terrorists and different criminals from using them.

In distinction, Warren advocated for the extension of anti-money-laundering laws that banks presently implement to digital belongings, particularly the cryptocurrency market. Each single CEO expressed settlement.

As of at the moment, the market cap of cryptocurrencies stood at $1.55 trillion. Chart: TradingView.com

In keeping with sources, JPMorgan accomplished its first blockchain-based collateral decision as not too long ago as October in a take care of BlackRock and Barclays.

With its JPM Coin, a proprietary stablecoin that permits customers to execute blockchain-based funds, JPMorgan was a pioneer on this area.

JPMorgan mentioned within the subsequent two years, the token could deal with as much as $10 billion in every day transactions, up from its present degree of about $1 billion.

The value of bitcoin, the most important cryptocurrency on the planet when it comes to market valuation, has elevated by greater than 150% this yr to about $44,000-plus, in response to market tracker CoinMarketCap, regardless of requires a authorities clampdown.

Cryptocurrency Critique Unites Senator With Bankers

Warren took benefit of the session to criticize the cryptocurrency sector by collaborating with Republicans and outstanding bankers.

Naturally, Dimon doesn’t have the ability of a authorities and can’t independently provoke the ban of cryptocurrencies.

Being the chief of a personal monetary firm, he could solely make strategies and voice opinions; he can not implement vital coverage modifications.

Nonetheless, it demonstrated an uncommon convergence of pursuits between the crypto business and the senator from Massachusetts, a long-time enemy of banks, who claimed that cryptocurrency was supporting unlawful transactions.

The value of bitcoin, the most important and hottest cryptocurrency on the planet, has elevated by greater than 150% this yr and crossed the $44,000 barrier on Wednesday, in response to the newest market knowledge, regardless of requires a authorities shut down.

Featured picture from Ting Shen/Bloomberg through Getty Pictures

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Worth $130 Breakdown Looms Amid Declining Community Exercise

06/29/2025

Cryptocurrency is Right here to Keep: Senator John Thune

06/11/2025

Connecticut Bans State Investments in Bitcoin Beneath New Legislation

06/11/2025

Societe Generale to Launch USD Stablecoin

06/10/2025
Add A Comment

Comments are closed.

  • POPULAR POSTS

$TAC Token Debuts In TVL As TAC Mainnet Goes Dwell With Main DeFi Protocols

07/15/2025

Ethereum Holds Potential to Hit $5k Regardless of Slight Decline

05/01/2022

Litecoin Faces Little Resistance; Will LTC Flip Bullish Quickly?

05/01/2022

Consolidating for the Final Ten Days!

05/01/2022

Pocket Worlds is Launching First-Ever Metaverse Subset

05/01/2022

TRON Value Falls Under $0.030 After Spurring to $0.039

05/01/2022

Dogecoin Breaks Out however Nonetheless Faces Resistance at 200 DMA!

05/01/2022

Bitcoin Struggles To Maintain $40K Whereas Crypto Observe US Shares

05/01/2022

Ethereum Trades Under $3,000 Help, Why Is ETH Falling Since November?

05/01/2022

The Litecoin Basis and Atari Energy Up.

05/01/2022

Crypto Fetchs is your source for the serious crypto currency news. This website is crafted specifically to for crazy and hot crypto news.

Contact Us : Partner(@)Cryptofetchs.com

TOP INSIGHT

At What Worth Will Bitcoin Flip Tech Giants Like Apple?

11/12/2024

The US SEC opposes Ripple’s initiatives to decrease its fines

06/18/2024

GameFrog ($GMF) Introduces AI-Pushed Staking Mannequin And Safety-Targeted Sensible Contract Audit

02/11/2025
Crypto News

Bitcoin ETF ‘Floodgates’ Are Simply Opening: Bitwise CIO

03/12/2024

Zama Raises $57M In Collection B To Deliver Finish-to-Finish Encryption To Public Blockchains

06/25/2025

Mt. Gox Transfers $3.2B in Bitcoin Amid Compensation Plans

07/24/2024

Type above and press Enter to search. Press Esc to cancel.