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fintech / news / / Crypto Breaking News

JPMorgan Chase CEO Jamie Dimon has reiterated strong opposition to the current draft of the Digital Asset Market Clarity Act (CLARITY) Dimon argues that the proposal as written would shape crypto market structure in ways banks will resist.

Jamie Dimon opposes the current draft of the Digital Asset Market Clarity Act (CLARITY).

KEY POINTS
Jamie Dimon, the chief executive of JPMorgan Chase, has reiterated strong opposition to the current draft of the Digital Asset Market Clarity Act (CLARITY), arguing that the proposal as written would shape crypto market structure in ways banks will resist. According to Fox Business, Dimon told the network that the latest version of CLARITY would effectively permit crypto firms to pay interest on user deposits and stablecoin balances—a feature he described as problematic from a banking compliance perspective.
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