JPMorgan CEO Jamie Dimon has ruled out becoming Federal Reserve Chair. In a January 2026 CNBC interview, Dimon said: “Absolutely positively no chance, no way, no how.”
The comments came after speculation following Donald Trump’s inauguration. Industry observers had wondered if Dimon might step into one of the most influential financial roles in the U.S.
Treasury Secretary Remains a Possibility
Dimon did not completely close the door on public service. He said he might consider the role of Treasury Secretary. However, he added that the position would need to align with his views on policy and operations.
His remarks reflect satisfaction with the autonomy he has maintained over 25 years leading JPMorgan. Dimon values independence and is cautious about entering roles with strict operational constraints.
What It Means for Crypto Markets
Dimon has historically been skeptical of cryptocurrencies. Analysts note that, had he become Fed Chair, tighter crypto regulations might have followed.
By staying at JPMorgan, Dimon allows Jerome Powell to continue as Fed Chair. This preserves current independence in U.S. monetary policy. For crypto investors, this may mean fewer immediate regulatory pressures. It also provides clarity in the evolving digital asset landscape.
Leadership and Autonomy
Dimon’s decision highlights the importance of operational freedom for some top financial leaders. His choice shows that personal and organizational autonomy can outweigh prestigious government roles.
Markets reacted calmly to the news. Many analysts suggest that Dimon’s influence at JPMorgan may be more significant than any potential government position. His continued leadership offers stability for both traditional finance and the crypto sector.
Looking Ahead: Treasury Possibility
Jamie Dimon’s emphatic refusal of the Fed Chair role clarifies the leadership picture in 2026. Treasury Secretary is still a possibility under the right conditions, but his decision to stay at JPMorgan ensures continuity.
For crypto markets, Dimon’s move may be a subtle positive. It maintains the current policy environment and avoids potential stricter regulations that might have been introduced under his Fed leadership. Therefore, investors now have more certainty while assessing the U.S. digital asset landscape.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
From the new RWA policy, observe the internal and external circulation of Digital RMB 2.0
The article discusses the significant upgrades in Digital RMB 2.0, transforming it into a deposit currency with interest accrual, while also granting commercial banks operating rights. Policy developments leave room for the tokenization of real-world assets, promoting the application of Digital RMB in both domestic and international circulation. The domestic cycle emphasizes on-chain trading of financial assets, while the international cycle focuses on Hong Kong becoming a core market for Digital RMB, fostering the internationalization of the RMB and the development of stablecoins, laying the foundation for future circulation of Digital RMB.
TechubNews4m ago
Federal Reserve initiates the end of the crypto de-banking review period, "Throat Lock Action 2.0" may迎来 policy turning point
February 24 News, the U.S. Federal Reserve has officially advanced a regulatory proposal to end the "debanking" of the crypto industry and has opened a 60-day public comment period on related banking regulatory rules. This move is seen as an important signal of a shift in U.S. financial regulatory policy, and the crypto industry generally believes it could weaken the long-standing banking service restrictions that have troubled digital asset companies.
According to official statements, the proposed rules aim to remove "reputational risk" as a core basis for banks to review clients from the regulatory framework, instead focusing on "material financial risk." Regulators have previously instructed banking authorities not to require financial institutions to close customer accounts solely based on reputational concerns, which means that legitimate crypto businesses may receive clearer institutional protections when opening bank accounts and accessing financial services.
GateNewsBot6m ago
US SEC relaxes capital rules! Holding stablecoins now only requires a 2% discount—what are the benefits for brokerages?
The U.S. Securities and Exchange Commission (SEC) recently announced that broker-dealers holding USD stablecoins can apply a 2% capital discount. This policy will reduce the capital pressure on broker-dealers and promote the integration of stablecoins into the mainstream financial system. The market capitalization of stablecoins is currently about $296.1 billion, gradually becoming an important extension of the US dollar in the digital asset market. However, some Federal Reserve officials remain skeptical about the actual value of stablecoins.
CryptoCity23m ago
Brazil's Central Bank launches institutional cryptocurrency regulatory framework, phased implementation by 2027
The Central Bank of Brazil officially advanced the regulatory framework for institutional virtual asset service providers (VASP) in February 2026. Based on Resolutions No. 519–521 issued in November 2025 and effective February 2, 2026, it established the licensing process for cryptocurrency companies and plans to implement related regulations in phases until 2027.
MarketWhisper1h ago
Trump's 0% Capital Gains Tax Plan: Cryptocurrency Investment Landscape Faces a Complete Reshaping
President Trump plans to implement a 0% capital gains tax on all Bitcoin and cryptocurrency investments. Once this policy is enacted, it will fundamentally change the investment cost structure of the cryptocurrency market and have a profound impact on retail investors, institutional investors, and industry talent allocation. The policy details are still to be clarified, including the scope of applicable assets and holding period requirements.
MarketWhisper1h ago
