Jamie Dimon Might be Trump’s Choice for US Treasury Despite Bitcoin Criticism
Key Takeaways
- Trump Considers Jamie Dimon: Trump revealed he is considering JPMorgan CEO Jamie Dimon for Treasury Secretary if he wins the election.
- Rocky Relationship: Despite a rocky past and public disagreements, Trump expressed respect for Dimon’s capabilities.
- Anti-Crypto Stance: Dimon is known for his strong anti-cryptocurrency views, which could impact the future of digital currencies if he joins the administration.
YEREVAN (CoinChapter.com) — Former President Donald Trump, the current Republican ticket nominee, recently revealed during a Bloomberg interview his consideration of JPMorgan CEO Jamie Dimon for the role of Secretary of the Treasury if he wins the election. Despite their past differences, Trump mentioned his respect for Dimon, marking the first time Dimon has been publicly linked to a potential Trump administration role.
Trump also intends to keep Federal Reserve Chair Jerome Powell in place. This continuity in leadership at the Federal Reserve could have significant implications for the US economy and monetary policy.
Trump and Dimon’s Rocky Relationship Highlighted Amid Treasury Consideration
The relationship between Trump and Dimon has been rocky and in November 2023, Trump called Dimon a “highly overrated globalist” on Truth Social. Despite this, Trump acknowledged Dimon’s capabilities in the recent interview, saying,
“I have a lot of respect for Jamie Dimon.”
Dimon, on the other hand, has not been a supporter of Trump. He previously urged people to back Nikki Haley, a Trump opponent, for the Republican nomination.
Dimon Criticizes Crypto Despite JPMorgan’s Blockchain Token
Jamie Dimon is known for his strong views against cryptocurrency. In a Congressional hearing on December 6, 2023, he stated,
“The only true use case for cryptocurrency is criminals, drug traffickers, money laundering, tax avoidance.”
Dimon added,
“If I were the government, I’d close it down.”
Despite these statements, JPMorgan has its own blockchain token, JPM Coin.
Trump’s Evolving Stance on Bitcoin
Trump has also been critical of Bitcoin and other cryptocurrencies in the past. In 2019, while serving as president, he posted on X,
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”
He emphasized the dominance of the US Dollar, calling it the “most dependable and reliable” currency.
Trump’s stance on Bitcoin appears to have softened recently. He is scheduled to speak at the Bitcoin Conference in Nashville from July 25 through 27.
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