JPMorgan CEO Jamie Dimon has opposed new stablecoin legislation, saying stablecoins must be regulated “appropriately.”
While Dimon took a skeptical approach to cryptocurrencies, he took a more moderate stance on stablecoins.
Statement from the CEO of JPMorgan
JPMorgan CEO answered a question posed to him by Representative Josh Gottheimer. Gottheimer asked Dimon what was keeping him from being active in cryptocurrencies. Gottheimer also raised the question of whether digital assets are concerned that countries could dominate the digital asset space.
Dimon replied:
Dimon’s comments came a day after the leaked stablecoin legislation.
Dimon cited the JPMorgan coin as an example:
Dimon has previously stated that cryptocurrencies such as Bitcoin are dangerous: