Jack Lew

Jack Lew: Govt. Needs More Time To Discuss Bitcoin

Treasury secretary says he is incredulous of the "phenomenon"

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Treasury Secretary Jack Lew said Thursday the government needs more time to explore the effect of bitcoin, a virtual currency.

"Bitcoin is a phenomenon that we need more time to discuss. I've talked to [JPMorgan CEO] Jamie Dimon about it, and he and I both share some incredulity about the whole phenomenon," Lew said on CNBC Thursday during his visit to the World Economic Forum in Davos, Switzerland.

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