Wu Blockchain English: Highlight Clip JPMorgan CEO slams Clarity Act: Banks won't bow to Coinbase lobbying On May...

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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. — link