JP Morgan CEO Jamie Dimon supports Kamala Harris, would like a role in her administration

Jamie Dimon, the CEO of JP Morgan, reportedly expressed support for Kamala Harris’ presidential bid in private conversations. The CEO said he wouldn’t mind a role in Kamala’s government if she won the US presidential elections.

According to the New York Times on Tuesday, Jamie Dimon, JPMorgan’s CEO, privately expressed his support for Vice President Kamala Harris. He also reportedly revealed his openness to serving in her cabinet if she emerged victorious. 

JP Morgan reveals he might be willing to serve in Harris’ cabinet

JP Morgan’s CEO, Jamie Dimon, praised the former president, Donald Trump’s stand on taxes, the economy, and immigration earlier this year. The CEO, however, remained neutral in January 2024 about his preferred presidential candidate. 

However, according to the Tuesday report, the CEO expressed a bias towards Kamala Harris in private conversations. Sources pointed out that the CEO did not outright endorse the Democratic candidate and only supported her candidature. 

I love what I do, and I intend to be doing what I’m doing. I almost guarantee I’ll be doing this for a long period of time or at least until the board kicks me out.”

“Jamie Dimon – JP Morgan CEO

The report comes after JP Morgan CEO Dimon said he did not endorse any candidate in the upcoming presidential elections last month. Donald Trump, the Republican presidential candidate, revealed in June after meeting the CEO that he would consider Dimon in his cabinet should he win the elections.  

JPMorgan denied claims that the CEO had endorsed the Republican candidate as Trump had claimed on Truth Social. 

Joe Evangelisti, JPMorgan’s spokesperson, specified that the JP Morgan CEO had not endorsed any candidate for the upcoming elections. 

JP Morgan’s Dimon has been previously considered for senior roles in the Department of U.S. Economic Policy. However, during the recent post-earning call, the CEO of the largest US Bank downplayed the idea of taking up a role in government. He said that the chances were “almost nil.”

Top crypto players endorse Kamala in her presidential bid 

JP Morgan’s CEO, Dimon, is among the top players who are suspected of enforcing the democratic candidate. Ripple’s co-founder, Chris Larsen, has publicly endorsed Kamala Harris ahead of the elections. The founder donated $10 million to a Political Action Committee( PAC) supporting Harris.

It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. https://t.co/vb9KJA87JK

— Chris Larsen (@chrislarsensf) October 21, 2024

While commenting on Larsen’s donation, Ripple CEO Brad Garlinghouse highlighted the digital assets company’s intention to support pro-crypto policies from both Republicans and Democrats. 

Other crypto executives also reportedly discussed raising funds for Harris, hoping to influence her stance on digital asset regulations if she wins. 

Coinbase CFO Alesia Haas also revealed that Kamala’s campaign had begun accepting crypto donations from Coinbase. Coinbase donated $25 million to pro-crypto candidates in June.

Haas expressed the increased policy spending by the company was fueled by the optimism that the U.S. may experience regulatory clarity in the U.S.The CFO revealed the company was cautiously optimistic about Harris’ policy plans.