JPMorgan Chase CEO Jamie Dimon once again talked about bitcoin (BTC) and cryptocurrencies. He told the U.S. Senate that these assets would be banned if he were in government.

During a panel hosted by the Banking Committee of the Upper House of the U.S. Congress, the executive insisted on his anti-crypto asset narrative and rebuked the fact that Bitcoin can circumvent government controls.

Indeed, bitcoin, due to its decentralization, is an asset that is not subject to government controls. It is an unconfiscable asset, as described by Argentinian bitcoiner Diego Gurpegui, so it knows no state limitations for its operation, as it is based on pure mathematics.

For Jamie Dimon, the only true use case for BTC and cryptocurrencies is in criminals, drug traffickers, money laundering and tax evasion.

But Dimon failed to mention that criminals still prefer the U.S. dollar and fiat for their misdeeds. Something that the U.S. government itself has openly and publicly acknowledged.

Nor did he indicate that, for two decades, the U.S. government has fined U.S. banks (including JPMorgan itself) more than 7,000 times with monetary penalties amounting to billions of dollars, precisely for links to different crimes, including money laundering.