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Jamie Dimon Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’

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Jamie Dimon Calls Crypto `Decentralized Ponzi Schemes'
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Jamie Dimon didn’t mince words when a US lawmaker mentioned the executive’s history of criticizing cryptocurrencies.

“I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” the JPMorgan Chase & Co. chief executive officer said in congressional testimony Wednesday. “They are decentralized Ponzi schemes.”