WatcherGuru
JPMorgan Chase CEO Jamie Dimon has come out swinging against the crypto Clarity Act, telling Fox Business he is not happy with the legislation — and reserving particularly sharp words for Coinbase CEO Brian Armstrong, whom he called "full of shit." The remarks came during a wide-ranging appearance on 'Mornings with Maria' that also touched on AI risks, housing affordability, and stablecoin regulation.
Dimon warned that stablecoins could become a "huge problem" if not subjected to the same regulatory standards applied to traditional financial institutions — a position that puts him squarely at odds with the crypto industry's push for a lighter-touch framework under the Clarity Act. His call for equal rules across stablecoins and banks signals that Wall Street's most powerful voice is preparing to fight the bill's current form.
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