“Banks Will Not Accept This” – JPMorgan CEO Slams Coinbase Chief, Rejects Crypto Clarity Act

Jamie Dimon publicly rejected Coinbase’s backing of the CLARITY Act.

He argued the bill would let crypto firms offer yield and other bank-like services without the same regulatory burden banks face.

Dimon said the proposal is too weak on AML, BSA, and consumer protections.

Brian Armstrong has been lobbying for the bill as a way to give digital assets clearer U.S. rules.