Jamie Dimon, CEO of JPMorgan Chase, strongly denied any claims that he has endorsed Donald Trump for president.
This came after Trump posted on social media, claiming Dimon had thrown his support behind the Republican frontrunner.
Dimon’s spokesperson, Joe Evangelisti, quickly stepped in to set the record straight, telling CNBC that: “Jamie Dimon has not endorsed anyone. He has not endorsed a candidate.”
The original misleading post, originating from a verified account on X, was quickly shared by Trump’s supporters and soon by Trump himself on his Truth Social account.
When asked about the post, the former president claimed he didn’t know it existed and that it wasn’t posted by him personally.
Dimon has been clear about his political stance for a while. In September, he said he wasn’t going to endorse either Trump or the Democratic frontrunner Kamala Harris.
In the beginning, Dimon had urged corporate leaders to support former South Carolina Governor Nikki Haley during the Republican primary.
And Trump didn’t take that lightly, reminding everyone how Dimon once “begged” him for attention while he was still in the Oval. The feud continues.
Trump and Dimon clash on crypto?
Jamie Dimon has long been against cryptocurrencies, calling them a hotbed for fraud and scams. He has also said that cryptocurrencies are a threat to traditional banking.
He believes they undermine the stability of the current financial system. Dimon also believes that another crypto crash could destabilize the broader economy.
Meanwhile, Trump has gone from being anti-crypto to embracing it with open arms. In 2019, he referred to Bitcoin as a scam.
He is apparently all in now, pushing it as a central piece of his campaign strategy. His team started accepting crypto donations, reportedly raising around $3 million from crypto supporters this year.
Last month, Trump launched a new crypto venture, World Liberty Financial. The platform, co-managed by his sons, claims to offer decentralized finance (DeFi) services, allowing users to lend and borrow crypto without traditional banks.
There’s even talk of a new digital token, $WLFI. The timing of this launch, just weeks before the election, has raised questions about potential conflicts of interest.
Critics are wondering if Trump’s business could benefit personally while he’s on the campaign trail, as it has many times in the past.
At a Bitcoin conference in Nashville earlier this year, Trump shared his vision for turning the U.S. into the “crypto capital of the planet.”
His plans include creating a Bitcoin Strategic Reserve, using over $5 billion in Bitcoin seized from criminal investigations.
Trump has also proposed forming a Crypto Advisory Council to create a national crypto policy.
A recent Pew Research report found that 17% of American adults have invested in crypto. Among younger voters, those numbers are even higher.
Right now, around 93 million Americans, about 40% of the adult population, own some form of cryptocurrency.
Trump is pushing crypto as part of his plan to keep the U.S. ahead of countries like China. He’s made it clear that crypto is the next big economic fight, and the U.S. needs to come out on top.
He’s all about aggressive policies to make sure America leads in the crypto game, claiming his campaign is the one that’ll protect the country’s economic power.
