[ad_1]
Former US president and Republican presidential candidate Donald Trump mentioned JP Morgan chairman CEO Jamie Dimon has “modified his tune” towards Bitcoin and crypto, including that he’s prepared 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 known as for the US to take care of dominance over the crypto sector. Notably, the statements have been made in June regardless of the interview solely lately being revealed.
Trump advised 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 already know, very unfavorable and now rapidly he’s modified his tune a bit bit.”
In the identical interview, Bloomberg requested Trump whether or not he may choose Dimon as Secretary of Treasury. Trump responded:
“He’s any person that I might contemplate, positive.”
Trump described a June assembly with Dimon and different executives of high US firms coinciding with conferences with Republican Congress and Senate members. Trump mentioned the JPM CEO was in attendance and expressed “lots of respect” for the financial institution government.
In 2016, Fortune reported that Trump’s transition workforce provided Dimon the place throughout his first time period. Nonetheless, Dimon in the end declined the position.
Extra lately, in December 2023, Axios reported on the opportunity of 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 known as Bitcoin a “fraud” and mentioned he would fireplace any JP Morgan dealer buying and selling within the asset.
Initially of the 12 months, he repeated his perception that crypto is a Ponzi scheme and superior extreme criticisms of Bitcoin mining. Nonetheless, just a few months later, in March, he additionally mentioned he would “defend” the best to purchase and maintain Bitcoin even when he wouldn’t accomplish that himself, hinting at a softening stance.
Regardless of his unfavorable statements about crypto, Dimon has been an avid advocate of the underlying blockchain know-how. In 2022, he expressed assist 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
[ad_2]
Source link
