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Fortune

Jeff John Roberts

Jamie Dimon blasts crypto, tells Senate he would ‘close it down’—even as JPMorgan pushes forward with blockchain payments

Jamie Dimon JPMorgan Crypto blockchain Bitcoin Elizabeth Warren Warren Buffett

Jamie Dimon (Credit: Ting Shen—Bloomberg via Getty Images)

Jamie Dimon has long stood out as big banking's most vocal critic of crypto.

In 2017, the CEO of JPMorgan Chase blasted Bitcoin as "worse than tulip bulbs" and ranted that he would fire anyone at his bank who traded it for being stupid. This was followed by other tirades, including one in January where he labeled Bitcoin a "hyped-up fraud" and compared it to a pet rock.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Federal judge halts ICE detention centre construction at California site over environmental review

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