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What will be the next major regulatory action on Bitcoin in the US by end of 2025?
2
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
Complete ban • 25%
No change • 25%
Increased regulation • 25%
Decreased regulation • 25%
Other • 25%
Tax exemption for crypto • 25%
Stricter regulations • 25%
Introduction of a digital dollar • 25%
SEC leads • 25%
No change • 25%
Joint leadership • 25%
CFTC leads • 25%
Increased enforcement actions • 25%
New crypto-specific rules • 25%
Clarification of existing rules • 25%
No significant actions • 25%
More restrictive • 25%
Other • 25%
No significant change • 25%
More supportive • 25%
No • 50%
Yes • 50%
Loosening regulations • 25%
Unclear outcome • 25%
No change • 25%
Tightening regulations • 25%
