JP Morgan CEO Jamie Dimon Vows to Fight Crypto Regulation Bill, Targets Coinbase CEO
By
Logan Hitchcock
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
JP Morgan CEO Jamie Dimon publicly criticized the Clarity Act, a bill that would regulate most crypto activity in America, and vowed the banking industry will fight its passage. In a Fox Business interview, Dimon took aim at Coinbase CEO Brian Armstrong, stating banks will "not accept it that way" and that "no one is going to bow down to this guy, or that company." Dimon acknowledged the banking industry may lose the fight but committed to opposing the legislation until the end.
Key quotes
· 3 pulledIt will be fought.
No one is going to bow down to this guy, or that company.
we lose, we lose.
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