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What will be the next major regulatory action on Bitcoin in the US by end of 2025?
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Resolution / Starting Odds
Increased Regulation • 25%
Decreased Regulation • 25%
No Change in Regulation • 25%
Complete Ban • 25%
Official announcements from US regulatory bodies
Story
JPMorgan CEO Dimon Labels Bitcoin a 'Ponzi Scheme' Used by Sex Traffickers, Money Launderers
Jan 13, 2025, 03:24 PM
JPMorgan Chase CEO Jamie Dimon has once again criticized Bitcoin, labeling it a "Ponzi scheme" with "no intrinsic value." In an interview, Dimon compared Bitcoin to smoking, saying, "It's like smoking: legal but not smart," and added, "I just don't feel great about Bitcoin." He asserted that Bitcoin is heavily used by sex traffickers, money launderers, and in ransomware attacks. Despite his public disapproval, JPMorgan continues to facilitate client investments in Bitcoin ETFs, acting as an Authorized Participant for such funds.
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Similar markets
Increased regulation • 25%
Decreased regulation • 25%
No change • 25%
Complete ban • 25%
Introduction of a digital dollar • 25%
Tax exemption for crypto • 25%
Stricter regulations • 25%
Other • 25%
No change • 25%
CFTC leads • 25%
SEC leads • 25%
Joint leadership • 25%
Other • 25%
Establishment of crypto reserve • 25%
Ending 'de-banking' policies • 25%
Tax incentives for crypto companies • 25%
New crypto-specific rules • 25%
Clarification of existing rules • 25%
Increased enforcement actions • 25%
No significant actions • 25%
Fines for money laundering • 25%
CFTC charges • 25%
SEC charges • 25%
Other • 25%
More restrictive • 25%
More supportive • 25%
Other • 25%
No significant change • 25%
Yes • 50%
No • 50%
Unclear outcome • 25%
Tightening regulations • 25%
Loosening regulations • 25%
No change • 25%