Posted 12/7/2023, 2:27:36 PM
Dimon and Warren Find Common Ground on Crypto Regulation Amid Market Tumult
- Jamie Dimon and Elizabeth Warren agree crypto should be shut down due to concerns about criminal activity and lack of regulation
- Their rare alignment comes after recent crypto scandals like FTX collapse and Binance settlement
- Both have long been skeptical of crypto - Dimon has called it a fraud and worthless over the years
- Specific crypto criticisms lack of inherent value, enables tax avoidance and money laundering
- Despite criticism, JPMorgan has paid billions in fines for violations under Dimon's leadership