cryptd.in

Alternatyvus "LinkedIn", skirtas kriptografiniams talentams

JPMorgan Stock Slides on Epstein Probe Fears: Bitcoin Has No CEO to Drag Into the Scandal

-

pagal

cryptd.in
svetainėje

Alongside the rest of the market, shares of JPMorgan Chase tanked at the end of the previous week, but there’s more to the story. JPM’s decline also came after reports emerged that Senate Democrats are preparing a fresh investigation into the banking behemoth’s relationship with convicted sex offender Jeffrey Epstein.

Although there’s no real connection with Bitcoin, we decided to still cover this and highlight the awkwardness, as JPM’s CEO, Jamie Dimon, has spent years bashing the crypto industry.

JPMorgan Faces New Epstein Scrutiny

CNBC pranešė . after the Blue-nami in the US midterms that Democratic staff on the Senate Finance Committee plan to examine how senior JPM executives handled Epstein as they take control of Congress early next year. Mary Erdoes, CEO of the bank’s Asset & Wealth Management Division, is expected to be among the high-profile names in the investigations.

“The US government had damning information ​about Epstein’s crimes that it failed to share ​with us or other banks. We regret any association we had with ‌him, ⁠but we did not help him commit his crimes,” komentavo a spokesperson from the bank.

The market reaction was immediate as JPM shares tanked by over 4% to under $340 on Thursday. The sell-off essentially erased the stock’s post-midterm rally.

Although the bank continues to deny any wrongdoing, it previously agreed to pay $365 million in settlements related to Epstein.

The Irony

We admit there’s no official confirmation that JPM has done anything wrong, and we don’t expect it to come to light if it did, because it’s one of the world’s largest banks. And we know how banks are treated in almost any situation (recall the 2008 banking crisis and the subsequent lack of any real consequences). Nevertheless, the irony is still worth pointing out.

JPM’s long-serving CEO, Jamie Dimon, has been bashing BTC for years. He has called it a “fraud,” “worthless,” a “pet rock,” and a “decentralized Ponzi scheme.” All bad and, in some cases, illegal names. He also advised investors to stay away from crypto and told lawmakers that if he were running the US government, he would “close it down.”

The hypocrisy is glaring when we look at what the bank has done lately. It now lets institutional clients use BTC and ETH as collateral; it supports crypto-related services; it participated in BlackRock’s spot Bitcoin ETF infrastructure; and it recently projected that bitcoin could outperform US large-cap stocks and gold over the next 10-15 years.

But there’s another contrast. Bitcoin has no CEO, board of directors, wealth-management division, or customer relationship with Jeffrey Epstein – or anyone else, for that matter. The protocol itself cannot make a questionable client decision, hide internal correspondence, or become subject to congressional scrutiny over corporate conduct.

People or companies using BTC can still appear in investigations and criminal records, but reputational and governance risks belong to institutions and individuals, not the decentralized Bitcoin network itself.

Pranešimas JPMorgan Stock Slides on Epstein Probe Fears: Bitcoin Has No CEO to Drag Into the Scandal appeared first on CryptoPotato.

Komentarai

Parašykite komentarą

El. pašto adresas nebus skelbiamas. Būtini laukeliai pažymėti *

Naujausi duomenų srautai

Populiarios kategorijos

lt_LT Lietuvių kalba
lt_LT Lietuvių kalba en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Paieška svetainėje

Populiarios istorijos

Žymos

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenRinkimai (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #Bitcoin pagrindai (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BTitwise (1) #BracebridgeCapital (1) #BRC20Tokenų (1) #BTCįsigijimas (1) #BullishPrediction (1) #BullishSentiment (1) #CKinijos kalnakasyba (1) #CPIPperžiūra (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #C Kriptomanija (1) #CryptoMarket (4) #CryptoPrediction (1) #C kriptografinės prognozės (1) #C kriptografinis reguliavimas (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #C kriptografijos neapibrėžtumas (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECkomercija (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EtereumPain (1) #EthereumPrice (1) #Eksperto nuomonė (1) #FedRateCut (1) #FiatCurrency (1) #Finansinis poveikis (1) #Finansų privatumas (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) 1TP5Investicijos (1) 1TP5Investicijų nuostoliai (1) #Japonijos įmonė (1) #Teisiniai veiksmai (1) #Teisinis poveikis (1) #Teisės aktai (1) #Žaibo tinklas (1) #M rinkos analizė (3) #M Rinkos stebėjimas (1) #M rinkos prognozė (1) #M rinkos prognozės (1) #M rinkos projekcija (1) #MarketSupport (1) #M Rinkos nepastovumas (1) #M santuoka (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #M Pinigų plovimas (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPrognozė (1) #PriceMilestone (1) #PKainų prognozė (2) 1TP5Kainos klausimas (1) 1TP5Kainų šuolis (1) #PrisonSentence (1) #QuantAnalysis (1) #Reguliacinis spaudimas (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Techninė analizė (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotencialas (1) #USKongrese (1) #WyomingLand (1) #XRCena (1) #XRPpasirodymas (1)

Naudingos nuorodos

Nuorodos, kurias radau naudingas ir kuriomis norėjau pasidalyti.