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JPMorgan's Dimon and Citigroup's Fraser consider stablecoins in Wall Street crypto pivot
JPMorgan Chase (JPM) CEO Jamie Dimon and Citigroup (C) CEO Jane Fraser both said Tuesday they are going to get involved in stablecoins, the latest evidence of how Wall Street is pivoting to embrace digital assets as federal lawmakers debate new legislation favorable to the crypto industry. "We are looking at the issuance of a Citi stablecoin," Fraser told analysts Tuesday. "We really welcome the administration's willingness to allow banks to participate in the digital asset space more easily," Fraser added. The effort to push crypto legislation through Congress in a week dubbed "Crypto Week" by some in the GOP ... (full story)
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From @realDonaldTrump|Jul 15, 2025|1 comment
I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule. Speaker of the House Mike Johnson was at the meeting via telephone, and looks forward to taking the Vote as early as possible. I want to thank the Congressmen/women for their quick and positive response. MAKE AMERICA GREAT AGAIN!
From cnbc.com|Jul 15, 2025JPMorgan Chase CEO Jamie Dimon says he doesn’t get the appeal of stablecoins, but he also can’t afford to stay on the sidelines. It’s the message Dimon gave Tuesday when asked ...
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