CoinDesk••1 min read
‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate
The Signal TakeBearish
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.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
‘Anarchistic neobanks’ are bitcoin’s next frontier, says Blockrise CEO
The Block•5h ago
Big Tech crash, oil volatility rattles markets: Will Bitcoin hold above $60K?
Cointelegraph•6h ago
Nobody Told the ERP That Blockchain Won - PYMNTS.com
Apify/PYMNTS.com•8h ago
Citi launches blockchain marketplace for private companies shares: Report
Cointelegraph•8h ago