Dimon's Criticisms of Crypto Scrutinized amid JPMorgan's Record of Violations
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JPMorgan CEO Jamie Dimon criticized crypto as only used by criminals, despite JPMorgan paying $39B in fines for violations under his leadership.
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Crypto advocates called out Dimon's hypocrisy, highlighting JPMorgan's enabling of sex trafficking and various frauds.
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JPMorgan paid the largest bank fine ever at $13B in 2013 and its traders manipulated metals markets, paying nearly $1B in fines.
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A ship owned by a JPMorgan fund was caught with $1.3B of cocaine in 2019, the largest US drug bust ever.
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Despite criticizing crypto, JPMorgan launched its own JPM Coin token and blockchain platform, contributing funding to blockchain companies.