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JPMorgan Dives Into Crypto Space

Shoshanna Delventhal

Just months after Chief Executive Officer Jamie Dimon warned that bitcoin, the world's largest cryptocurrency by market capitalization was a "fraud," JPMorgan Chase & Co. ( JPM) is launching a crypto strategy with the appointment of a leader for its new segment. Harris, who has been leading the bank's In Residence fintech program for the past two years, will be tasked with identifying crypto projects for JPMorgan to develop in-house.