coin-img-ETHETH+0.13%coin-img-BTCBTC+0.24%coin-img-SOLSOL-0.30%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+8.07%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-2.41%coin-img-TONCOINTONCOIN-1.01%coin-img-ETHETH+0.13%coin-img-BTCBTC+0.24%coin-img-SOLSOL-0.30%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+8.07%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-2.41%coin-img-TONCOINTONCOIN-1.01%coin-img-ETHETH+0.13%coin-img-BTCBTC+0.24%coin-img-SOLSOL-0.30%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+8.07%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-2.41%coin-img-TONCOINTONCOIN-1.01%coin-img-ETHETH+0.13%coin-img-BTCBTC+0.24%coin-img-SOLSOL-0.30%coin-img-XRPXRP+0.16%coin-img-HYPEHYPE+8.07%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-2.41%coin-img-TONCOINTONCOIN-1.01%

Dimon: Banks to Fight Current CLARITY Act Draft, Slams Armstrong's Push on Capitol Hill

JPMorgan CEO Jamie Dimon said banks intend to oppose the CLARITY Act as currently written, arguing it would let crypto companies offer stablecoin-based rewards without the same regulatory safeguards banks must meet. He added the bill falls short on anti-money-laundering oversight and does not adequately address requirements under the Bank Secrecy Act. Dimon also took aim at Coinbase CEO Brian Armstrong, criticizing his lobbying campaign backing the legislation.
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