Crypto Market News: Despite recent industry demand for political entry, JP Morgan CEO Jamie Dimon is said to be not running for office any time soon, according to latest Bloomberg report. It is widely known that the CEO is not a big fan of the crypto market and the ecosystem around it. Recently, he had hinted about “one day serving public office,” which sparked a demand that he should probably run for president. Nevertheless, this can be seen as a relief for the digital assets industry participants.
Also Read: Apple Store Down Ahead Of WWDC, iOS 17, AR/VR Headset Expected To Be Unveiled
It was billionaire investor Bill Ackman who first suggested that Dimon could be the ideal face to run for the US presidential post. Earlier, CoinGape reported that having anti-crypto leaders like Dimon could be a major blow even as many leaders are supporting the cause for having clear regulation during campaign debates in the lead up to the US presidential election 2024.
Although it not entirely clear as to whether the political aspirations are put on hold for now or forever, a company spokesperson said the Wall Street bank CEO has no plans to run for office. Joe Evangelisti, a JP Morgan spokesperson, clarified that Dimon was not looking to make a political move. It may be recalled that the CEO called Bitcoin “a modern day fraud” while recognizing the capabilities of blockchain technology. According to the Bloomberg report, the spokesman said,
“As he has said in the past, Jamie has no plans to run for office. He is very happy in his current role.”
Meanwhile, further consensus among lawmakers is desperately needed to gain regulatory clarity around crypto ecosystem in the United States, in the lead up to the election year.
Also Read: Crypto Firm Integrates ChatGPT To Enhance Risk Detection, How AI Can Help Prevent Fraud?
Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…
White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…
Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…
Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…
Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…
In fresh developments, the United States and China’s trade teams have commenced negotiations on the…