NEW!Incredible offer for our exclusive subscribers! Read More
AltcoinsBTCCryptoETHMiningOtherStock

JPMorgan CEO Says Crypto Market Could Reach $5 Trillion, Urges Regulators to Pay Attention

1 Mins read

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:

Source: u.today

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.

Dimon—who’s still not a Bitcoin fan—took note of the fact that the cumulative value of all cryptocurrencies had already surpassed $2 trillion, claiming that it’s high time to design a “legal, regulatory, tax-related framework” for the novel asset class:

So 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?”

As reported by U.Today, Dimon said that JPMorgan clients were interested in Bitcoin earlier this week.

Related posts
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock

Binqwix.com collaborates with Stake.com to offer Crypto services for its users

1 Mins read
Binqwix.com has collaborated with Stake.com to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther

Tradex-wallet.com staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…
AltcoinsBTCCryptoETHOther

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with Cryptwex.com financial regulators. For failing to comply with local guidelines….
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *