Former
US
president
and
Republican
presidential
candidate
Donald
Trump
said
JP
Morgan
chairman
CEO
Jamie
Dimon
has
“changed
his
tune”
toward
Bitcoin
and
crypto,
adding
that
he
is
willing
to
appoint
the
executive
as
Secretary
of
the
Treasury.
Trump
revealed
the
long-standing
Bitcoin
critic’s
softening
stance
during
an
interview
with
Bloomberg,
where
he
also
called
for
the
US
to
maintain
dominance
over
the
crypto
sector.
Notably,
the
statements
were
made
in
June
despite
the
interview
only
recently
being
published.
Trump
told
the
newswire:
“I’ve
gotten
to
know
people
in
the
industry,
they’re
top-flight
people.
And
you
ask
Jamie
Dimon,
Jamie
Dimon
was,
you
know,
very
negative
and
now
all
of
a
sudden
he’s
changed
his
tune
a
little
bit.”
In
the
same
interview,
Bloomberg
asked
Trump
whether
he
might
select
Dimon
as
Secretary
of
Treasury.
Trump
responded:
“He
is
somebody
that
I
would
consider,
sure.”
Trump
described
a
June
meeting
with
Dimon
and
other
executives
of
top
US
companies
coinciding
with
meetings
with
Republican
Congress
and
Senate
members.
Trump
said
the
JPM
CEO
was
in
attendance
and
expressed
“a
lot
of
respect”
for
the
bank
executive.
In
2016,
Fortune
reported
that
Trump’s
transition
team
offered
Dimon
the
position
during
his
first
term.
However,
Dimon
ultimately
declined
the
role.
More
recently,
in
December
2023,
Axios
reported
on
the
possibility
of
Dimon
heading
the
Treasury,
citing
sources
close
to
Trump’s
campaign.
Dimon’s
evolving
stance
Dimon
has
long
criticized
Bitcoin
and
crypto.
As
early
as
2017,
he
called
Bitcoin
a
“fraud”
and
said
he
would
fire
any
JP
Morgan
trader
trading
in
the
asset.
At
the
start
of
the
year,
he
repeated
his
belief
that
crypto
is
a Ponzi
scheme and advanced
severe
criticisms
of
Bitcoin
mining.
However,
a
few
months
later,
in
March,
he
also
said
he
would
“defend”
the
right
to
buy
and
hold
Bitcoin
even
if
he
would
not
do
so
himself,
hinting
at
a
softening
stance.
Despite
his
negative
statements
about
crypto,
Dimon
has
been
an
avid
advocate
of
the
underlying
blockchain
technology.
In
2022,
he
expressed
support
for
DeFi
and
blockchain,
calling
each
area
a
“real,
new
technology”
in
a
letter
to
JP
Morgan
shareholders.
JP
Morgan
has
been
at
the
forefront
of
experimenting
with
distributed
ledger
technology
and
has
several
blockchain-based
products,
including
its
Liink
network
and
JPM
Coin.
Mentioned
in
this
article
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Author: Mike Dalton
