Jamie Dimon informed U.S. lawmakers he would shutter the cryptocurrency trade if he had their energy.

“If I used to be the federal government, I’d shut it down,” the chief govt officer of JPMorgan Chase & Co. mentioned on the Senate Banking Committee’s annual Wall Road oversight listening to Wednesday.

The remarks add to Dimon’s lengthy historical past of bashing digital currencies, which he has beforehand referred to as “Ponzi schemes” and a “fraud.”

His newest feedback comply with a sequence of hacks and scandals within the crypto trade, which has been beneath elevated scrutiny from U.S. regulators and lawmakers because the unwinding of FTX, Sam Bankman-Fried’s cryptocurrency platform.

Senator Elizabeth Warren, a Massachusetts Democrat, used the listening to to group up with Republicans and banking leaders to take intention on the crypto trade.

“At this time’s terrorists have a brand new option to get across the Financial institution Secrecy Act: cryptocurrency,” Warren mentioned.

Dimon and different trade chiefs, together with Financial institution of America Corp.’s Brian Moynihan, mentioned they’ve safeguards in place to forestall terrorists and different unlawful actors from utilizing their establishments.