CoinDesk Podcast Network JPMorgan CEO Jamie Dimon Says Bank Will Allow Bitcoin Purchases | COINDESK DAILY
May 20, 2025
JPMorgan CEO Jamie Dimon makes waves by announcing that clients can now purchase Bitcoin, showcasing a dramatic change in his views on cryptocurrency. The conversation shifts to the U.S. Senate's progress on the GENIUS Act, aiming to regulate stablecoins. Additionally, developments in the crypto landscape include Circle's exploration of a potential sale and an IPO, hinting at the evolving dynamics of the market. Tune in for insights on these pivotal moments shaping the future of finance!
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Jamie's Bitcoin Reversal
- JPMorgan CEO Jamie Dimon reversed his crypto skepticism by allowing clients to buy Bitcoin.
- However, the bank won't hold Bitcoin in custody due to concerns about illicit use.
Stablecoin Regulation Advances
- The U.S. Senate advanced the bipartisan GENIUS Act to regulate stablecoins with one-to-one backing.
- The bill includes anti-money laundering and bankruptcy rules, awaiting House passage.
Circle's Potential Coinbase Sale
- Circle, issuer of USDC stablecoin, is exploring a sale to Coinbase for at least $5 billion.
- This valuation aligns with investment banks helping with Circle's IPO plans.