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Jamie Dimon Challenges Brian Armstrong Over Claims Banks Block US Crypto Market Bill
During the World Economic Forum in Davos in January 2026, JPMorgan CEO Jamie Dimon confronted Coinbase CEO Brian Armstrong over Armstrong's comments that banks are quietly working to derail a US crypto market structure bill. The clash, centered on whether stablecoin issuers should be allowed to offer yield or rewards, comes as the legislation has passed the House but stalled in the Senate amid political and industry pushback. Coinbase later sought to play down tensions with banks, even as the Senate Banking Committee postponed a markup following Armstrong's stance that the bill is unacceptable in its current form.