‘The banks will not accept it’: JP Morgan's Dimon escalates battle over stablecoin rewards in CLARITY Act debate

CoinDesk Staff

(08:03 PM UTC)

1 min read

JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash over whether stablecoin issuers should be allowed to offer yield-bearing rewards that resemble bank deposits.

JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the…

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