JPMorgan CEO once again criticizes a certain exchange, warns that stablecoin regulation bill may fail

According to ChainCatcher, as reported by Coindesk, JPMorgan Chief Executive Officer Jamie Dimon once again harshly criticized a certain exchange's CEO Brian Armstrong and warned that if legislators do not address traditional banks' concerns regarding stablecoin regulation, the latest version of the Digital Asset Market Clarity Act may ultimately fail. Dimon believes the Act would allow stablecoin issuers to effectively pay deposit interest without banking protections, and predicts that if adopted as it currently stands, the Act will “ultimately fail.”