What It Means For Crypto If Jamie Dimon Runs For US Prez 2024

Crypto Market News: It is increasingly becoming clear that campaign debates in the lead up to the US presidential election 2024 could feature crypto market regulation. Already, several leaders began speaking about the need for freedom to trade digital assets. While the common perception is that the US economy could potentially face the risk of dedollarization, several US based crypto market participants fear the country is already losing its advantage to become a crypto hub. Meanwhile, campaign debates on crypto will only help the digital ecosystem reach a wider audience.

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Earlier, CoinGape reported Florida Governor Ron DeSantis, a pro-crypto leader, criticized the US administration under Joe Biden for trying to eradicate the crypto market from the United States. He said the Central Bank Digital Currencies (CBDCs) are not good for the average Americans for security reasons. DeSantis, a Republican Party member, is also running for President and had already launched his campaign.

JP Morgan CEO Jamie Dimon May Run For President

Speculation around Jamie Dimon running for President rose after he hinted about having interest in serving in public office in the future. Following this, billionaire investor Bill Ackman said Dimon should run for the top post, listing out the CEO’s credentials as a highly respected business leader. However, Dimon attracted criticism from the crypto community for his mocking Bitcoin. Yet, his running for President could spark a widespread debate from his rivals, a much needed discussion in the US ecosystem.

“Jamie Dimon is one of the world’s most respected business leaders. Politically he is a centrist. He is pro-business and pro-free enterprise, but also supportive of well-designed social programs and rational tax policies that can help the less fortunate.”

Recently, another presidential candidate, Robert F. Kennedy Jr., voiced out support for Bitcoin and talked about the need for a conducive environment to transact in the cryptocurrency. In fact, he became the first presidential candidate to accept Bitcoin campaign donations.

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at [email protected] or twitter.com/BitcoinReddy

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.