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JPMorgan CEO Jamie Dimon’s recent remarks have stirred the entire US political and business circles. He firmly stated that it is "absolutely impossible" for him to take the helm of the Federal Reserve, but he is somewhat interested in the Treasury Secretary position and willing to take the president’s calls. This legendary figure, who has led Wall Street for 25 years and survived multiple financial crises, has drawn his political bottom line through concrete actions.
Dimon’s confidence comes from his solid strength. During the 2008 financial crisis, he led JPMorgan to acquire Bear Stearns against the wind, making it the only major Wall Street bank to emerge unscathed. Such a track record gives him confidence. Frankly, he is used to being the master of his own enterprise and does not want to be constrained by the congressional framework of the Federal Reserve. He openly states that the structure and operational mode of the position are the key.
In fact, this guy has dealt with the White House more than once. A few years ago, during the APEC meeting, a reporter asked Trump whether he invited Dimon to join the cabinet, and he politely declined, saying he "prefers to be the boss." Now, expressing openness to the Treasury Secretary position aligns highly with the current government’s economic policy direction—tax cuts and deregulation. Dimon has long supported this approach, and the two share similar economic philosophies.
For the crypto world, an even more critical detail cannot be ignored. The current government is pushing forward the legalization of cryptocurrencies and has already signed legislation related to stablecoin regulation. Meanwhile, JPMorgan has always been eyeing digital asset businesses and wants a piece of the pie. If Dimon truly joins the Treasury Department, the interaction model between Wall Street and the crypto market could undergo a major reshuffle.
Behind this is an interesting game—an independent business empire making decisions versus the cabinet power that controls the pulse of the global economy. Where is the balance point? How will Dimon’s choice ultimately shape Trump’s new crypto policies? It’s worth watching.