Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co, speaks during a House Financial Services Committee hearing in Washington on September 21, 2022. Photo: Bloomberg
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co, speaks during a House Financial Services Committee hearing in Washington on September 21, 2022. Photo: Bloomberg

Cryptocurrency tokens are ‘decentralised Ponzi schemes’, JPMorgan Chase CEO Jamie Dimon tells US lawmakers

  • Dimon acknowledged being a ‘major sceptic’ when one lawmaker brought up his history of criticising cryptocurrencies
  • The executive once called bitcoin a ‘fraud’, comments he said he regretted, and JPMorgan has since adopted its own blockchain and token

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co, speaks during a House Financial Services Committee hearing in Washington on September 21, 2022. Photo: Bloomberg
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co, speaks during a House Financial Services Committee hearing in Washington on September 21, 2022. Photo: Bloomberg
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