In other news, water is wet, and the pope is catholic. 

Relevant video: https://www.youtube.com/watch?v=v_wlZr1aBdI

One of the reasons for this could be that people are less sensitive to scams related to banks as the whole system is built on it, so such news does not get much traffic when reported or is not reported broadly so as not to create panic. But when scams is related to Bitcoin, no matter how loose the connection is, it usually gathers lots of attention; The massive printing of money was reported by lots of media houses but was not debated heavily on general forums, such a supply hike in a currency like bitcoin would surely get much more interest.

There's also the case of government pushing the narrative that Bitcoin facilitates scams through media houses.

Not surprised that they find themselves in lukewarm (not hot) water again. This is just another mild slap on the wrist of these giant bankers and they will just repeat the cycle all over again unless none of them are charged with sentence and are put behind bars. Also, Jamie Dimon has always been that harsh against bitcoin, though at some point he had become considerate of what bitcoin offers. I will not be surprised if he continues his badmouthing BS with bitcoin because he gets the attention he wanted from it.


Because banks are the media and government's friends. Without these institutions providing financial support, they would be going under in no time considering that there's not a lot of money to gain solely on news reporting and by being good public officials.

damn, the Irony. I wonder how stupid he feels every time someone mentions that he called bitcoin is a scam then turning out that he was a scammer himself.

well, that is what they are being paid for. to create a bad image to those who they don't like.

Banks around the world are heavily involved in scandals and under mandatory investigation, with the form of money laundering or market manipulation so anything is possible.and bitcoin is not so because it cannot be controlled and its development seems to be ceaseless.

It's not something which is unknown or unexpected to be fair. Traditional banks have long been laundering money and involved in fradulent activities and they get fined in billions of dollars. They only want to avoid decentalised currencies because it threatens them.

A billion dollars is just nothing for them as have a huge amount of money already.

He is calling Bitcoin a scam while they are the true scammers. What an ironic thing to think but well, Bitcoin destroys their industry so what do you expect him to say . Its obvious that it will be negatives will be said by him towards Bitcoin. Yes banks are helpful as  of now but I don't use them TBH.

Maybe he got something wrong and meant banks and not bitcoin?

No proof and we're just giving an idea that they are the one that's controlling this. That explanation you have said, it's not being given that much attention because they all look at bitcoin being the bad currency.
The fine that's given is high. I think it's the first time that I've seen a company that's fined 1 billion dollars. Most of the fines that I've seen were hundreds of millions but didn't go through to billions.