Claim $500JPMorgan’s CEO Jamie Dimon Quietly Backs Kamala Harris, Shuns Donald Trump
Highlights
- Jamie Dimon privately supports Kamala Harris but remains silent to avoid backlash if Trump wins.
- Dimon denies endorsing Donald Trump despite claims from the Republican candidate.
- Mark Cuban suggests Elon Musk is steering Trump’s campaign.
Jamie Dimon, the CEO of JPMorgan, has privately supported Kamala Harris for presidency, despite not publicly endorsing any president candidate. In confidential conversations, sources familiar with Dimon’s opinions said that he supports Harris and has contemplated serving in her administration, possibly in the Treasury.
His decision to remain silent on his political stance is a move to avoid potential backlash or retaliation, particularly if Donald Trump won the presidency.
JPMorgan’s CEO Backs Kamala Harris for US Election Presidency
According to recent reports, JPMorgan’s CEO has expressed his preferred candidate in the November presidential election is Kamala Harris. Although Dimon remains silent on the matter he supports Harris’s policies and even considers taking a position in her administration if she was elected in office.
While he personally supports Kamala Harris, JPMorgan’s CEO has not publicly shared his political views because of possible consequences. The CEO has been careful due to the behavior of Trump who has historically attacked people that publicly oppose him.
Dimon is echoed by other corporate chiefs who have similar feelings that they may suffer Trump’s repercussions. However, these sentiments have not hindered Trump’s election odds lead from giving a lift to crypto-markets. Given Trump’s 62.1% edge, buying sentiments in the United States have resulted to $2.2B digital asset inflows.
Jamie Dimon’s Tense Relationship with Donald Trump
JPMorgan’s CEO relationship with Donald Trump has been strained in recent years. Dimon had once harshly criticized Trump’s post-2020 election behavior, calling it “treason.” However, in early 2024, Dimon commented at the World Economic Forum in Davos, Switzerland, praising Trump’s tax policies. This statement fueled speculation that Dimon might be shifting toward Trump.
Furthermore, the Republican candidate reported a blatant lie on Truth Social that the CEO of JPMorgan Chase, had supported him. A spokesperson for Dimon however dismissed the assertion stating that the CEO has not endorsed any presidential candidate.
Later, Dimon explained that he meant discussing Trump’s electoral base rather than supporting the former president.
Since then, Dimon has kept his political affiliations unclear and has generally stayed away from politics. He did not publicly endorse any candidate unlike some of his other strong stances on topics like economic polarization. Some privy with Dimon have said that his reluctance to speak is a measure meant to protect the company from negative reactions.
More so, as the head of JPMorgan Chase, Dimon holds political influence, regularly engaging with global leaders and policymakers. However, his associates have indicated that Dimon’s concern over potential retaliation from Trump is not unfounded. Donald Trump has increasingly targeted critics in both the political and corporate world.
In addition, apart from Dimon’s neutral stance, billionaire Mark Cuban has criticized Donald Trump’s campaign, suggesting that it is more about Elon Musk than Trump himself. Cuban argued that Musk’s increasing involvement, including financial incentives, indicates that Musk, not Trump, is steering the campaign.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Nearly $50M in USDT Stolen After Address Poisoning Scam Targets Crypto Trader Wallet
- Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
