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JP Morgan CEO Jamie Dimon, a long-time Bitcoin critic, announced the bank will allow customers to buy Bitcoin—though it won’t custody the asset. This marks a shift in the bank’s stance amid growing client demand for crypto exposure.
- JP Morgan will allow Bitcoin purchases but won't custody the asset, signaling cautious institutional adoption.
- Dimon's stance contrasts with his past criticisms, calling Bitcoin 'worthless' and a tool for criminals.
- U.S. regulatory shifts, including the repeal of SAB 121, are enabling banks to engage more with crypto.
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