Remember Jamie Dimon, the CEO that made hilarious remarks about Bitcoin and was ridiculed on social media afterwards? He is facing a market abuse claim in the European Union.
Basically, JP morgan was trading Bitcoin derivatives before, during, and after Dimon’s scandalous interview, and a lot of people noticed that. A company called Blockswater LLP (UK/Austria) filed a market abuse report with the Swedish Financial Supervisory authority.
“Jamie Dimon’s public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” saysFlorian Schweitzer, managing partner at Blockswater.
After the online investigations dug up so much on Dimon and JP Morgan’s activities, someone had to call him out – and congrats to Blockswater for making the move, they will be reaping great PR rewards for voicing the complaint.