JPMorgan's top exec just dropped a spicy take when reporters pressed him about banks allegedly cutting off crypto companies. His response? A blunt "people have to grow up."
The controversy around financial institutions distancing themselves from digital asset businesses has been heating up lately. Critics claim traditional banks are systematically denying services to legitimate crypto firms—a practice some call "debanking." But the Wall Street veteran isn't buying into the drama. His dismissive comment suggests he sees the complaints as overblown, maybe even childish.
This isn't exactly shocking coming from someone who's been skeptical about digital currencies for years. Yet his latest remark adds fuel to an already tense relationship between old-school finance and the blockchain world. Are banks really discriminating, or are crypto players just not meeting compliance standards? The debate rages on, and comments like these definitely won't cool things down.
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JPMorgan's top exec just dropped a spicy take when reporters pressed him about banks allegedly cutting off crypto companies. His response? A blunt "people have to grow up."
The controversy around financial institutions distancing themselves from digital asset businesses has been heating up lately. Critics claim traditional banks are systematically denying services to legitimate crypto firms—a practice some call "debanking." But the Wall Street veteran isn't buying into the drama. His dismissive comment suggests he sees the complaints as overblown, maybe even childish.
This isn't exactly shocking coming from someone who's been skeptical about digital currencies for years. Yet his latest remark adds fuel to an already tense relationship between old-school finance and the blockchain world. Are banks really discriminating, or are crypto players just not meeting compliance standards? The debate rages on, and comments like these definitely won't cool things down.