Trump Considers Bitcoin-Critical JPMorgan CEO For Treasury Amid Perceived Shift In Crypto Stance

Trump Considers Bitcoin-Critical JPMorgan CEO For Treasury Amid Perceived Shift In Crypto Stance


Published Wednesday 17th July 2024

Former President Donald Trump is reportedly considering JPMorgan CEO Jamie Dimon for the position of US Treasury Secretary. This potential nomination comes as a surprise to many, as Dimon has been known for his critical views on Bitcoin and other cryptocurrencies in the past. However, there has been a perceived shift in Dimon's stance on crypto, which may have caught Trump's attention.

Dimon, who once famously called Bitcoin a "fraud" and warned that he would fire any JPMorgan trader caught trading it, has recently shown signs of softening his stance on cryptocurrencies. JPMorgan, under Dimon's leadership, has started offering banking services to major cryptocurrency exchanges, signaling a shift towards embracing digital assets. This change in approach could be what has led Trump to consider Dimon for a key position in his administration.

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