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JPMorgan's Dimon clashes with Coinbase CEO over crypto regulation and Clarity Act opposition.

Market News
29 May 2026
New York Post
View Source
Bearish
pluang ai news

JPMorgan CEO Jamie Dimon sharply criticized Coinbase CEO Brian Armstrong, calling him "full of s–t" amid a battle over crypto regulation in the U.S. Dimon opposes the current Clarity Act, which aims to regulate digital assets, arguing that crypto platforms like Coinbase should be regulated like banks. Armstrong and Coinbase have spent heavily lobbying to influence the bill, especially regarding the ability of crypto exchanges to pay interest on stablecoins, which banks warn could destabilize the banking system. The dispute highlights growing tensions between traditional banks and crypto firms over regulatory frameworks for digital currencies.

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