JPMorgan CEO Dimon sends blunt message on CLARITY

The CLARITY Act is a dangerous mistake because it allows stablecoin issuers to pay interest without the anti-money laundering and KYC protections that banks are legally required to maintain. You don't get to enjoy the benefits of the banking system without accepting its responsibilities. If platforms like Coinbase want to act like banks, they should be subject to the same 84 regulators and liquidity rules as everyone else. Why should crypto get a free pass? Is this fair competition?
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