1st June 2026 > > Stand with Crypto, MSTR, & J.P. Morgan.
- 12 minutes ago
- 3 min read
tl;dr
It’s your opportunity to take a moral stand in the world. MSTR looks as if it might be selling a few BTC. J.P. Morgan and its CEO Jamie Dimon just do not get it.
Market Snap
Market Wrap
The sideways chop continues unabated. When this period of low volatility ends, we will see some violent moves.
Curious Cryptos’ Commentary – Stand with Crypto
TradFi rips off the diaspora of the world’s poor and dispossessed — often people doing hard labour in brutal conditions — to fund fat executive bonuses. If you're content with that you probably don’t need to read any further.
If, however, like me, you think that it is a moral imperative to support and grow the crypto revolution to protect these people – whose lives are so much harder than yours or mine – from the rapacious demands of TradFi executives, sign up here:
Curious Cryptos’ Commentary – Strategy (MSTR)
MSTR’s recent conversion to potentially selling BTC to pay down the high-coupon preference shares (https://www.curiouscryptos.com/post/26th-may-2026-btc-datcos) is now being matched with action – on 29th May MSTR transferred 411.48 BTC worth approximately $30mm to Coinbase Prime:
This transfer accounts for just 0.05% of MSTR’s stash of nearly 844,000 BTC, but the vibe counts for more.
Curious Cryptos’ Commentary – J.P. Morgan & the CLARITY Act
J.P. Morgan – a firm that epitomises the self-entitlement that dominates a certain segment of the TradFi industry – is leading the charge against the CLARITY Act. Essentially the argument against allowing activity based stablecoin yields in the guise that this will materially affect deposits (it won’t) is an argument that is painfully self-serving. It relies on the circularity that fat margins accrued by TradFi in ripping off retail clients will be harmed by an injection of a dose of new competition. That is monopolistic behaviour which hurts us all.
It is also worth noting that J.P. Morgan has paid more than $40bn in fines and penalties since the turn of the new millennium related to misconduct including the facilitation of money-laundering. The bank seems to have an ingrained habit of carelessness (if one is being generous) when it comes to dealing with fraudsters, drug dealers, and terrorists. I guess the financial rewards for doing so are greater than the fines, otherwise surely internal action would have been taken by now to stamp out these ongoing grievous breaches of financial regulations.
Jamie Dimon, CEO of J.P. Morgan, is not well-known for self-reflection. He has been attacking Coinbase CEO Brian Armstrong on Fox Business:
“He’s the only one... he’s spending hundreds of millions of dollars in Washington on this thing. He’s full of shit.”
If you watch the interview, Dimon is clearly very rattled:
His claim that there are no protections in place for stablecoins is plainly ridiculous – under the GENIUS Act, registered issuers of stablecoins must be regularly audited to show 100% collateralisation held at a regulated custodian of cash or cash-like instruments, mostly money-market funds.
Dimon can see the writing on the wall, but like his cohort of buddies such as Schiff, Buffett, Gensler, and Warren, he cannot bring himself to admit he is in the wrong.
I think Dimon’s response in that interview means that the chances of getting the CLARITY Act on the statute book are materially greater than I previously thought, great news for the benefit of all humanity, but especially the diaspora of the world’s poor and dispossessed.
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