BUSINESSBITCOIN MAGAZINE
JPMorgan Chase CEO Jamie Dimon Declares War on Clarity Act, Calls Coinbase’s Armstrong ‘Full of Sh*t’
JPMorgan Chase CEO Jamie Dimon criticized the Clarity Act, arguing it allows crypto firms to operate without banking regulations, and accused Coinbase CEO Brian Armstrong of pushing the legislation with significant funding. Dimon emphasized that crypto platforms offering services akin to banks should face equivalent oversight, including AML compliance and FDIC insurance, calling Armstrong's efforts 'full of sh*t.'
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