JPMorgan CEO Jamie Dimon’s recent comments on cryptocurrencies have sparked criticism from the crypto community. Speaking before the US Senate Committee on Banking, Housing, and Urban Affairs, Dimon denounced Bitcoin and crypto as tools primarily used by criminals for activities such as drug trafficking, money laundering, and tax avoidance. He even suggested that if he […]
The US Securities and Exchange Commission (SEC) has been known for its strict approach towards cryptocurrencies, particularly XRP. However, there is growing concern that the SEC might target Bitcoin (BTC) as well and classify it as a security. Renowned crypto attorney John Deaton has warned that this possibility cannot be ruled out.Under former chairman Jay […]
The US Securities and Exchange Commission (SEC) has been known for its strict approach towards cryptocurrencies, particularly XRP. However, there is growing concern that the SEC might target Bitcoin (BTC) as well and classify it as a security. Renowned crypto attorney John Deaton has warned that this possibility cannot be ruled out.Under former chairman Jay […]
Presidential hopeful Vivek Ramaswamy criticized SEC chair Gary Gensler and other regulatory agencies during the recent Republican presidential debate, accusing them of failing to keep up with the crypto industry. Ramaswamy specifically highlighted Gensler’s inability to acknowledge that Ethereum’s native currency, Ether (ETH), should be considered a commodity.When asked about preventing fraud in the crypto […]
Presidential hopeful Vivek Ramaswamy criticized SEC chair Gary Gensler and other regulatory agencies during the recent Republican presidential debate, accusing them of failing to keep up with the crypto industry. Ramaswamy specifically highlighted Gensler’s inability to acknowledge that Ethereum’s native currency, Ether (ETH), should be considered a commodity.When asked about preventing fraud in the crypto […]
JPMorgan CEO Jamie Dimon is facing backlash after his recent comments about Bitcoin and cryptocurrency. Dimon claimed that the “only true use case” for crypto is to facilitate crime, including drug trafficking, money laundering, and tax avoidance. However, critics were quick to point out the hypocrisy in Dimon’s statements, highlighting that JPMorgan has paid billions […]
JPMorgan CEO Jamie Dimon is facing backlash after his recent comments about Bitcoin and cryptocurrency. Dimon claimed that the “only true use case” for crypto is to facilitate crime, including drug trafficking, money laundering, and tax avoidance. However, critics were quick to point out the hypocrisy in Dimon’s statements, highlighting that JPMorgan has paid billions […]
During a Senate hearing on financial regulations, bank CEOs expressed concerns about proposed new regulations, including the “Basel Endgame III” rule, which they fear could impede lending and harm small businesses. However, there was unanimous agreement among the CEOs that cryptocurrencies should be subject to anti-money laundering rules to prevent their misuse for illicit activities.Senator […]
During a Senate hearing on financial regulations, bank CEOs expressed concerns about proposed new regulations, including the “Basel Endgame III” rule, which they fear could impede lending and harm small businesses. However, there was unanimous agreement among the CEOs that cryptocurrencies should be subject to anti-money laundering rules to prevent their misuse for illicit activities.Senator […]
CEOs of major banks, including JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, BNY Mellon, Morgan Stanley, and State Street, recently testified before the Senate Banking Committee. During the hearing, JPMorgan Chase CEO Jamie Dimon expressed his opposition to cryptocurrencies, stating that if he were the government, he would shut them down. Dimon […]
