{"id":26226,"date":"2023-12-06T20:17:32","date_gmt":"2023-12-06T20:17:32","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/if-i-was-the-government-id-close-it-down-chase-ceo-on-crypto\/"},"modified":"2023-12-06T20:17:35","modified_gmt":"2023-12-06T20:17:35","slug":"if-i-was-the-government-id-close-it-down-chase-ceo-on-crypto","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/if-i-was-the-government-id-close-it-down-chase-ceo-on-crypto\/","title":{"rendered":"\u2018If I was the government, I\u2019d close it down\u2019 \u2014 Chase CEO on crypto"},"content":{"rendered":"
JPMorgan Chase chair and CEO Jamie Dimon told several United States lawmakers that if he had the authority in government, he would try to shut down crypto.<\/p>\n
In a Dec. 6 hearing of the Senate Banking Committee on oversight of Wall Street Firms, Dimon responded to questioning from Massachusetts Senator Elizabeth Warren, who claimed North Korea had funded much of its missile program using \u201cproceeds of crypto crime\u201d in addition to funding Hamas. The JPMorgan Chase CEO said he had \u201calways been deeply opposed to crypto\u201d and associated digital assets with \u201ccriminals\u201d and \u201cdrug traffickers\u201d in addition to tax avoidance.<\/p>\n
“If I was the government, I’d close it down,” said Dimon.<\/p>\n