During a May 6 conversation with ICI President and CEO Eric J. Pan, JPMorgan CEO Jamie Dimon urged regulators to pay closer attention to cryptocurrencies instead of the Dodd-Frank Act before the nascent market becomes too big to be tamed:
Because when it's $3 trillion, then $4 trillion, then $5 trillion when grandmas start buying it and people start being ripped off and ransomware's going into a hundred cities, not 30, I think you're going to have an uproar about what was allowed to happen.
Alex DovbnyaSo I'm not a fan of Bitcoin, but forget whether I am or not. There should be legal, regulatory, tax-related framework, AML around crypto. It's now worth $2 trillion. When are they going to say, "Oh my God, this is worthy of our attention?"
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As reported by U.Today, Dimon said that JPMorgan clients were interested in Bitcoin earlier this week.
Arman Shirinyan
Dan Burgin