As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie 
Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on 
Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National 
Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its 
current form. He also suggested that efforts by crypto proponents are unlikely 
to produce a broad consensus with traditional financial institutions. “It will 
be fought. No one’s gonna bow down to this guy, or that company,” Dimon said, 
referring to the act and Armstrong. Dimon continued: “He’s the only one, and 
he’s spending hundreds of millions of dollars in Washington on this thing… 
He’s full of shit.” Related Reading: Treasury Secretary Urges CLARITY Act 
Passage, Saying The US Should Be Home For Crypto As reported by NewsBTC on 
Thursday, the bill advanced in the Senate earlier this month. The Senate 
Banking Committee approved its portion, building on earlier progress from 
January, when the Agriculture Committee successfully voted on its version of 
the legislation. After a full Senate vote, lawmakers would need to complete 
the reconciliation steps required to finalize the measure and then secure 
agreement between the House and the Senate. Only after those steps would the 
final text move to the president for consideration. Yield And Compliance 
Provisions Concerns Dimon argued that the bill contains fundamental problems. 
He said the legislation would allow banks to earn interest on deposits, 
stablecoins, or related instruments “without the protection they should have,” 
and he also contended that it fails to address anti-money laundering (AML) and 
Bank Secrecy Act requirements sufficiently. “It allows them to effectively pay 
interest on deposits, stablecoins, or something like that, without the 
protection they should have. And it does not do anything for AML/BSA,” Dimon 
said. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard 
Chartered Still Expects $40,000 By 2030 The executive further emphasized that 
the pushback would not be limited to a single type of institution or one 
segment of the industry. He said banks of different sizes would oppose the 
CLARITY Act as currently written, arguing that unity spans both large and 
smaller players. “The banks will not accept it that way,” Dimon said. “The ABA 
[American Bankers Association], the small banks, the credit unions. It’s not 
just the big guys.” Featured image from CNBC; chart from TradingView.com

As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its current form. He also suggested that &#8230;

JPMorgan CEO Goes Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full Of S-t’

The Iran conflict&#8217;s impact on energy markets highlights vulnerabilities in 
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The Iran conflict&#8217;s impact on energy markets highlights vulnerabilities in global supply chains, potentially leading to long-term economic instability. The post Iran conflict triggers major energy crisis, disrupts Strait of Hormuz shipping appeared first on Crypto Briefing.

Iran conflict triggers major energy crisis, disrupts Strait of Hormuz shipping

Strive&#8217;s aggressive Bitcoin acquisition strategy could influence market 
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appeared first on Crypto Briefing.

Strive&#8217;s aggressive Bitcoin acquisition strategy could influence market dynamics, potentially impacting Bitcoin&#8217;s price and investor sentiment. The post Strive raises capital to acquire 2,624 Bitcoin in record week appeared first on Crypto Briefing.

Strive raises capital to acquire 2,624 Bitcoin in record week

Record highs in US stocks amid US-Iran deal hopes highlight potential shifts 
in global economic dynamics and investor sentiment.
The post Dow, S&amp;P 500 and Nasdaq close at record highs on US-Iran deal hopes 
appeared first on Crypto Briefing.

Record highs in US stocks amid US-Iran deal hopes highlight potential shifts in global economic dynamics and investor sentiment. The post Dow, S&amp;P 500 and Nasdaq close at record highs on US-Iran deal hopes appeared first on Crypto Briefing.

Dow, S&amp;P 500 and Nasdaq close at record highs on US-Iran deal hopes

The U.S. Treasury has said it has seized nearly $1 billion in cryptocurrency 
linked to Iran as Washington expands its financial campaign against Tehran. 
The U.S. Treasury has said it has seized nearly $1 billion in cryptocurrency 
linked to Iran…

The U.S. Treasury has said it has seized nearly $1 billion in cryptocurrency linked to Iran as Washington expands its financial campaign against Tehran. The U.S. Treasury has said it has seized nearly $1 billion in cryptocurrency linked to Iran…

Iran crypto crackdown deepens as US targets IRGC wallets

Mashinsky&#8217;s appeal highlights the complexities of legal accountability in 
crypto, potentially influencing future fraud defenses and regulatory scrutiny.
The post Celsius founder Alex Mashinsky seeks to vacate 12-year fraud 
sentence, blames Sam Bankman-Fried appeared first on Crypto Briefing.

Mashinsky&#8217;s appeal highlights the complexities of legal accountability in crypto, potentially influencing future fraud defenses and regulatory scrutiny. The post Celsius founder Alex Mashinsky seeks to vacate 12-year fraud sentence, blames Sam Bankman-Fried appeared first on Crypto Briefing.

JPMorgan CEO Goes Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full Of S-t’

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