JPMorgan CEO Jamie Dimon Says Bank Will Allow Bitcoin Purchases | COINDESK DAILY

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4.7 • 698 Ratings

🗓️ 20 May 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as JPMorgan CEO Jamie Dimon announced his bank will allow clients to purchase bitcoin. JPMorgan CEO Jamie Dimon announced his bank will allow clients to purchase bitcoin, marking a significant reversal of his continued skepticism about cryptocurrencies. Plus, the U.S. Senate advances the GENIUS Act for stablecoin regulation and Circle explores a potential sale and IPO. CoinDesk’s Christine Lee hosts “CoinDesk Daily.” - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
0:49.7	Perma Bitcoin Skeptic JPMorgan's CEO Jamie Diamond says clients can now purchase BTC.
0:55.8	It's Tuesday, May 20th, 2025.
0:58.5	I'm Christine Lee.
0:59.7	This is CoinDest Daily.
1:04.8	JPMorgan Chase CEO, Jamie Diamond, announcing the bank will allow clients to purchase
1:10.5	Bitcoin,
1:11.3	marking a significant reversal of his continued skepticism about cryptocurrencies.
1:16.7	Diamond told shareholders at the bank's annual Investor Day Monday, we are going to allow you to buy it,
1:22.0	though he added, the bank has no plans to hold Bitcoin in custody.
1:25.6	Diamond said he is not a fan of BTC due to its use in illicit activity.
1:30.3	Despite downplaying blockchain's importance, J.P. Morgan's Kinexas platform recently tested
1:35.3	tokenized U.S. Treasury settlement on a public blockchain.
	...

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