Highlight Clip JPMorgan CEO slams Clarity Act: Banks won't bow to Coinbase lobbying On May 29, 2026, JPMorgan Chase CEO Jamie Dimon express…
Highlight Clip
JPMorgan CEO slams Clarity Act: Banks won't bow to Coinbase lobbying
On May 29, 2026, JPMorgan Chase CEO Jamie Dimon expressed dissatisfaction with the Clarity Act during an interview on Fox Business. He believes the act allows crypto platforms to effectively pay interest on deposits and stablecoins while doing nothing for AML and BSA, leaving it with almost no legal protections.
Dimon stated that the banking industry will not accept this approach, warning that such a system would eventually blow up. He stated that the banking industry will fight the bill to the end and firmly refuse to bow down to Coinbase and its CEO, who are actively pushing the bill, claiming that they are spending hundreds of millions of dollars on lobbying in Washington, and considering their claim of representing the entire industry to be full of shit.
More from Frens Market Feeds
- Sun, 31 May 2026 15:42:39 GMTOdds Claude Mythos Releases By End Of June At 28% As Anthropic Continues To Work On Safeguards To Stop Misuse: Polymarket
- Sun, 31 May 2026 14:44:15 GMTDOJ Charges Google Engineer Over $1.2M Polymarket Insider Trading Profits The U.S. Department of Justice charged Google software engineer M…
- Sun, 31 May 2026 13:47:57 GMTVietnam's Finance Ministry Proposes Allowing SMEs to Use Digital and Virtual Assets as Loan Collateral According to Viet Nam News, Vietnam'…
- Sun, 31 May 2026 13:47:47 GMTHighlight Clip SpaceX's Bitcoin Bet Is Larger Than Most People Thought On May 27, 2026, Bloomberg reported that SpaceX's latest regulatory…
- Sun, 31 May 2026 13:47:46 GMTPhantom Earns Over $20.6 Million Through Hyperliquid Builder Program CoinGecko data shows Phantom has generated over $20.6 million in cumul…
- Sun, 31 May 2026 13:47:02 GMTAsia's weekly TOP10 crypto news: Korean Firms Compete for Crypto Exchange Stakes, HKMA Tightens Mainland Investor Checks, Trend Research Se…
- Sun, 31 May 2026 09:28:25 GMTPhantom Earns Over $20.6 Million Through Hyperliquid Builder Program CoinGecko data shows Phantom has generated over $20.6 million in cumul…
- Sun, 31 May 2026 05:03:00 GMTVietnam's Finance Ministry Proposes Allowing SMEs to Use Digital and Virtual Assets as Loan Collateral According to Viet Nam News, Vietnam'…