Former President Donald Trump is in secret talks with JPMorgan Chase CEO Jamie Dimon, sparking speculation about the potential influence JPMorgan may wield over U.S. policy. Reports indicate that Trump has been seeking Dimon's insights for several months to help guide his agenda for a second term.
According to Fox Business, Dimon has provided informal advice on issues such as tax reform, trade policy, and federal spending. Sources close to Trump describe Dimon as a "litmus test" for various policy concepts. Despite these claims, neither Trump's representatives nor JPMorgan have publicly commented on the matter.
Previously, there were rumors suggesting Dimon was a candidate for Secretary of the Treasury. However, Trump recently announced the nomination of Scott Bessent, founder of Key Square Group, for the position, indicating that Dimon will not have a formal role in the new administration. Ripple CEO Brad Garlinghouse believes Bessent is "the perfect choice" and emphasized that he will be "the most supportive of innovation and cryptocurrencies" as Secretary of the Treasury. (Bitcoin.com)