Banking adversaries Elizabeth Warren and Jamie Dimon have found common ground on crypto

JPMorgan Chase CEO Jamie Dimon and US senator Elizabeth Warren have sparred over financial regulation for more than a decade. But in a rare occurrence during a Senate Banking Committee hearing yesterday (Dec. 6), they adopted the same stance. Both want to see the US government get a lot tougher on crypto.

“The only true use case for it is criminals, drug traffickers, money laundering, [and] tax avoidance,” Dimon said. “If I was the government, I’d close it down.”