JPMorgan shares crucial blocker to emerging tech regulation
Key takeaways
- JPMorgan CEO Jamie Dimon criticized the bill in a Fox Business interview published June 1, arguing that crypto firms should follow bank-like rules if they offer products that resemble deposits.
- "We're not worried, we think it should just be fair," Dimon said.
- Dimon also took aim at Coinbase CEO Brian Armstrong, who has pushed for the CLARITY Act.
JPMorgan shares crucial blocker to emerging tech regulation JPMorgan shares crucial blocker to emerging tech regulation · The Street · MICHEL EULER/POOL/AFP via Getty Images Arjun Parashar Thu, July 2, 2026 at 12:37 AM GMT+7 2 min read JPM COIN The Digital Asset Market Clarity Act aims to establish a regulatory framework for digital assets in the United States. It seeks to bring legal certainty to the crypto industry while setting clearer rules for companies operating in the sector.
JPMorgan CEO Jamie Dimon criticized the bill in a Fox Business interview published June 1, arguing that crypto firms should follow bank-like rules if they offer products that resemble deposits.
"We're not worried, we think it should just be fair," Dimon said. "If [Brian Armstrong] takes deposits like a bank, he should have bank rules."