{"id":87939,"date":"2023-12-07T10:00:31","date_gmt":"2023-12-07T08:00:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87939"},"modified":"2025-09-13T14:55:43","modified_gmt":"2025-09-13T11:55:43","slug":"jpmorgan-ceo-calls-on-us-authorities-to-shut-down-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jpmorgan-ceo-calls-on-us-authorities-to-shut-down-cryptocurrencies\/","title":{"rendered":"JPMorgan CEO calls on US authorities to shut down cryptocurrencies"},"content":{"rendered":"

Jamie Dimon, chief executive of JPMorgan Chase, told U.S. lawmakers that serious restrictions on digital assets are needed. The Block<\/a> reports.<\/p>\n

In response to a question from Massachusetts Senator Elizabeth Warren about why cryptocurrencies are attractive to criminals, Dimon noted the possibility of evading government oversight.<\/p>\n

\n

\u201cI’ve always been categorically against cryptocurrencies, bitcoins and the like. If I were the government, I would shut them down,\u201d he added.<\/p>\n<\/blockquote>\n

Dimon also called for tighter government oversight of stablecoins<\/a>.<\/p>\n

Dimon has long been a vocal opponent of digital assets. In October 2021 he said that Bitcoin “is worthless”<\/a>, and noted the unpopularity of his stance. Later he described cryptocurrencies as “decentralised Ponzi schemes”<\/a>.<\/p>\n

A working government group also included other banking representatives, including leaders of Wells Fargo & Company, Bank of America and Goldman Sachs. All agreed with Warren’s assertion that cryptocurrencies should follow traditional anti-money-laundering (AML) rules.<\/p>\n

\n

\u201cWhen it comes to banking policy, I usually don’t play along with the heads of multi-billion-dollar banks, but this is a matter of national security,\u201d the legislator emphasised.<\/p>\n<\/blockquote>\n

In December 2022 she, together with colleague Roger W. Marshall, introduced<\/a> a bill tightening AML requirements for the use of digital assets.<\/p>\n

Earlier in March 2023, Warren urged<\/a> authorities to take action against \u201cbogus audits\u201d of cryptocurrency companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jamie Dimon, chief executive of JPMorgan Chase, told U.S. lawmakers that serious restrictions on digital assets are needed.<\/p>\n","protected":false},"author":1,"featured_media":87940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1292,1283,229,26],"class_list":["post-87939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aml-kyc","tag-jamie-dimon","tag-jpmorgan","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87939"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87939\/revisions"}],"predecessor-version":[{"id":87941,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87939\/revisions\/87941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87940"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}