-
Jamie Dimon Said the Clarity Act's Stablecoin Rules Will "Blow Up" the System. JPMorgan Chase's June 29 Position Paper Explains Why.
The Digital Asset Market Clarity Act (Clarity Act) continues to draw its fair share of skeptics as it moves through the arduous process of becoming law. One of the most vocal critics is Jamie Dimon, CEO of JPMorgan Chase, who has argued that some of the legislation's stablecoin rules could "blow up" the system. So what is it about stablecoins that the traditional banking industry doesn't like? It's not that Jamie Dimon is against the concept of stablecoins, which are simply "digital dollars." After all, JPMorgan Chase has already experimented with tokenized deposits, programmable money, and other innovations made ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
TRUMP SAYS IRAN REACHED OUT SEEKING A NEW AGREEMENT
Existing-home sales decreased by 2.4% month-over-month and increased 2.8% year-over-year, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory. Month-over-month sales increased in the ...
From tradersunion.com | 1 hr 21 min ago
As reported by The Block, Hyperliquid Policy Center and Phantom on Thursday ask the Commodity Futures Trading Commission to revise rules they say were built for centralized financial intermediaries rather than decentralized finance. In a joint comment letter, the groups argue that software supporting onchain trading, including systems like Hyperliquid, ...
