Jamie Dimon Says JPMorgan Will Oppose Stablecoin Yield Provisions in CLARITY Act
JPMorgan CEO Jamie Dimon has stated the bank will oppose provisions of the CLARITY Act that allow yield-bearing stablecoins, warning they could lead to a 'shadow banking' crisis. The bill is currently stalled in the Senate over disagreements on how to regulate interest-like rewards from stablecoins.
Topics: CLARITY Act digital asset regulation Jamie Dimon JPMorgan Chase stakeholder lobbying