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JPMorgan CEO Jamie Dimon has been consistently wrong on bitcoin, says Galaxy CEO Michael NovogratzLeverage J.P. Morgan's blockchain expertise to solve complex business challenges, commercialize digital applications and develop custom use cases. JPM Coin is a dollar-backed cryptocurrency (stablecoin) from the bank JP Morgan Chase, announced in February as an institution-to-institution service. JPMorgan Chase CEO Jamie Dimon said he would close down crypto if he was the government during a Senate hearing on Wednesday.