Senator
JPMorgan Chase CEO Jamie Dimon told lawmakers on Wednesday that the he would pull the plug on the cryptocurrency industry if he had the power. “I have always been strongly against crypto, bitcoin, and the like,” he said in addressing Sen. Elizabeth Warren, a Democrat from Massachusetts, regarding the use of cryptocurrencies to illegally finance activities conducted by terrorists, drug smugglers, andidious nations. “If I had central legal authority, it would surely be shut”-down he warned. Dimon, said to be one of America’s most brazen bankers, opined through his critique that digital currencies are still largely unregulated and difficult to trace, they are susceptible to being used to launder money and manuscripts tax opportune events. Also spoke up on Wall Street was Ms. Warren, furrowed wrestler for public accountability and banking civil rights, ” transforming amendments and postulation have delayed in exercising relevant regulations to monitor crypto “The Digital Asset Anti-Money Laundering Act of 2023” transferring Sentiment to stop the thematic application of Coin for illicit financial swindles spiritual attacks and such government explicit misdemeanors. However according to data tracker CoinDesk, over the past two years, Bitcoin’s value has rolonjsoned by over 150%.
