JP Morgan CEO Jamie Dimon will not run for office in the coming months, which may be a respite for the cryptocurrency market.
Bloomberg’s most recent report indicates that JP Morgan CEO Jamie Dimon will not run for office any time soon, despite recent industry calls for him to do so. It is common knowledge that the CEO is not a huge fan of the cryptocurrency market and its surrounding ecosystem.
Recently, he had alluded to “one day serving in public office,” which prompted calls for him to likely run for president. Nonetheless, this can be viewed as a respite for participants in the digital assets industry.
Bill Ackman, a billionaire investor, was the first to suggest that Jamie Dimon would be the optimal candidate for president of the United States.
According to reports, having anti-crypto leaders like Dimon could be a significant setback in the run-up to the 2024 US presidential election, even though many leaders support the case for precise regulation.
Jamie Dimon Will Not Run for Public Office
Although it is still being determined whether the Wall Street bank CEO’s political ambitions have been shelved temporarily or permanently, a company spokesperson confirmed that he has no intentions to run for office.
Joe Evangelisti, a spokesperson for JP Morgan, clarified that Dimon had no purpose of making a political move. Recall that the CEO referred to Bitcoin as “a modern-day fraud” while acknowledging the potential of blockchain technology. The spokesperson, according to the Bloomberg report, said,
“As he has said in the past, Jamie has no plans to run for office. He is very happy in his current role.”
In the run-up to the 2018 midterm elections, there is an urgent need for legislators to reach a consensus on the crypto ecosystem’s regulatory framework.
