JPM’s Jamie Dimon: Regulators Have Done ‘Nothing’ to Stem Crypto Fraud
JPMorgan CEO Jamie Dimon in Texas this week said Sam Bankman-Fried will probably end up in jail — adding that regulators “haven’t focused on crypto at all” and have instead “done nothing,” according to a source familiar with the matter. JPMorgan chief executive’s bank have embraced crypto and offered related exposures to clients.
The Wall Street heavyweight has also snapped up stakes in sector startups. And it’s even carved out its own metaverse niche via a bank-branded Decentraland virtual lounge. Not to mention that one of the bank’s own crypto analysts, Steven Alexopoulos, penned a research note for institutional clients, saying the fall of FTX is “potentially dramatically accelerating the timeline” of regulation, according to ZeroHedge. Fair and stringent digital asset regulatory measures are necessary — and overdue.
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