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

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 de-dollarization, 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.

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 American 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 an 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.

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 cryptocurrency. In fact, he became the first presidential candidate to accept Bitcoin campaign donations.

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