Former US president and Republican presidential candidate Donald Trump stated JP Morgan chairman CEO Jamie Dimon has “modified his tune” towards Bitcoin and crypto, including that he’s keen to nominate the manager as Secretary of the Treasury.
Trump revealed the long-standing Bitcoin critic’s softening stance throughout an interview with Bloomberg, the place he additionally referred to as for the US to take care of dominance over the crypto sector. Notably, the statements had been made in June regardless of the interview solely just lately being revealed.
Trump informed the newswire:
“I’ve gotten to know folks within the trade, they’re top-flight folks. And also you ask Jamie Dimon, Jamie Dimon was, you understand, very destructive and now rapidly he’s modified his tune slightly bit.”
In the identical interview, Bloomberg requested Trump whether or not he would possibly choose Dimon as Secretary of Treasury. Trump responded:
“He’s any person that I might take into account, positive.”
Trump described a June assembly with Dimon and different executives of prime US firms coinciding with conferences with Republican Congress and Senate members. Trump stated the JPM CEO was in attendance and expressed “plenty of respect” for the financial institution govt.
In 2016, Fortune reported that Trump’s transition crew provided Dimon the place throughout his first time period. Nevertheless, Dimon in the end declined the function.
Extra just lately, in December 2023, Axios reported on the potential for Dimon heading the Treasury, citing sources near Trump’s marketing campaign.
Dimon’s evolving stance
Dimon has lengthy criticized Bitcoin and crypto. As early as 2017, he referred to as Bitcoin a “fraud” and stated he would hearth any JP Morgan dealer buying and selling within the asset.
At first of the 12 months, he repeated his perception that crypto is a Ponzi scheme and superior extreme criticisms of Bitcoin mining. Nevertheless, a couple of months later, in March, he additionally stated he would “defend” the precise to purchase and maintain Bitcoin even when he wouldn’t accomplish that himself, hinting at a softening stance.
Regardless of his destructive statements about crypto, Dimon has been an avid advocate of the underlying blockchain know-how. In 2022, he expressed help for DeFi and blockchain, calling every space a “actual, new know-how” in a letter to JP Morgan shareholders.
JP Morgan has been on the forefront of experimenting with distributed ledger know-how and has a number of blockchain-based merchandise, together with its Liink community and JPM Coin.
Talked about on this article
