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.
source https://www.coindesk.com/policy/2026/05/29/the-banks-will-not-accept-it-dimon-escalates-battle-over-stablecoin-rewards-in-clarity-act-debate
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