JPMorgan CEO Jamie Dimon Vows to Fight CLARITY Act Over Stablecoin Rewards and AML Concerns

TLDR: Jamie Dimon confirmed banks will oppose the CLARITY Act due to stablecoin reward provisions and AML gaps. Dimon accused Coinbase CEO Brian Armstrong of spending hundreds of millions lobbying for the crypto bill. Coinbase’s policy chief fired back, urging the Senate to bring the CLARITY Act to a floor vote soon. Dimon supports blockchain [...]

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