Richard Teng, the Chief Executive Officer (CEO) of the world’s largest crypto exchange Binance challenged JPMorgan Chase’s CEO Jamie Dimon’s stance on cryptocurrencies.
Binance CEO Disagrees With Jamie Dimon
The Binance CEO recently defended cryptocurrencies by opposing the anti-crypto narrative promoted by the JPMorgan CEO in a hearing held on Wednesday. Teng took to X (formerly Twitter) to share his displeasure with Dimon’s narrative against crypto.
The JPMorgan CEO’s critics were set on the legitimacy and regulation of cryptocurrencies. According to Dimon, he has “never supported cryptocurrencies” and believes the “only real use case for crypto is criminals.” He further added that he would close down crypto if he had the power to do so. The CEO stated:
I’ve always been deeply opposed to crypto, the only true use case for it is criminals. If I were the government I’d close it down.
Teng underscored the need to compare the scope of illegal activity in cryptoc
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