Cryptofluencer Wendio has accused JPMorgan of skepticism, including XRP, Solana (SOL) and Cardano (ADA), for including potential US strategic crypto sanctuaries, for saying something else when the bank giant comes to crypto.
“JP Morgan came out and started smacking XRP, Solana and Cardano,” Wendyo said in the video. “And of course, JP Dimon and JP Morgan have consistently said negative things about Bitcoin and Crypto since the launch of Crypto, so I’m not surprised.”
The managing director of JPMorgan’s global market strategy argued Thursday that the US strategic cryptocurrency reserve is “less than 50%” and requires Congressional approval, and assets such as XRP, Solana and Cardano are too volatile to be included.
Wendyo dismissed Jpmorgan’s stance, pointing to a history of conflicting with the bank’s own official statement.
“Every time JP Morgan, Jamie Dimon, or anyone there says something, they’re technically against it,” she said. “For example, over the years, Jamie Dimon has beaten Bitcoin. But JP Morgan is a shareholder in BlackRock and everyone knows that BlackRock has a Bitcoin spot ETF.”
She also noted that JPMorgan previously held stake in Bitwise Bitcoin ETF before it offloaded in August 2024. Bitwise then applied to Aptos ETF, another US-based crypto project.
While JPMorgan’s argument depends on crypto assets volatility, Wendyo suggested that more assets could change as they gain ETF approval, making them more stable investments.
“Why doesn’t America want to invest in US-based projects?” she asked, adding that US crypto projects are worth noting.
“They’ll come out and say one thing to you, but they’ll do something completely different,” she said. “And as always, I highly recommend you pay attention to all the codes made in America.”