Pro-XRP lawyer John Deaton questioned whether being named an authorized participant by BlackRock was an attempt to mislead the public or engage in gaslighting.
JPMorgan CEO Jamie Dimon is being criticized by the crypto community on X (formerly Twitter) after being named an authorized participant (AP) by BlackRock, which dropped its updated Form S-1 filing on Dec. 29.
Commenting on the BlackRock amendment, Bloomberg ETF analyst Eric Balchunas said, “BlackRock just dropped its updated S-1, and it DOES name the APs: Jane Street and JPMorgan (which is kinda ironic).”
An authorized participant is an organization with the right to create and redeem shares of an exchange-traded fund (ETF).
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Source: https://cointelegraph.com/news/jpmorgan-ceo-backlashed-for-bitcoin-etf-role-amid-anti-crypto-comments