Federal AI policy aims to unify regulations, potentially easing compliance for startups, but risks persist if Congress remains inactive.
The post White House sends AI legislative framework to Congress amid state-level efforts appeared first on Crypto Briefing.
The post CLARITY Act Faces Banking Opposition as Stablecoin Debate Intensifies appeared on BitcoinEthereumNews.com.
Key Insights JPMorgan CEO Jamie Dimon criticized stablecoin provisions in the latest CLARITY Act draft. Banks continue arguing that crypto firms should face the same standards as deposit-taking institutions. Additional lobbying efforts could slow the bill’s path through Congress. The CLARITY Act faces renewed pressure from the banking sector as lawmakers continue debating a federal framework for digital assets. The latest opposition came from JPMorgan Chase CEO Jamie Dimon, who criticized provisions related to stablecoins and argued that crypto companies offering bank-like services should operate under comparable regulatory requirements. Banks Continue Challenging Stablecoin Rules Banking industry concerns remain centered on stablecoins and yield-bearing products. According to Dimon, firms that accept customer funds or offer products that resemble traditional deposits sho
The post JPMorgan CEO Jamie Dimon Criticizes Coinbase, Opposes CLARITY Act appeared on BitcoinEthereumNews.com.
Rongchai Wang
May 29, 2026 23:02
JPMorgan’s CEO Jamie Dimon criticizes Coinbase and vows banks will oppose the CLARITY Act, a landmark crypto market-structure bill advancing in Congress.
JPMorgan CEO Jamie Dimon has made it clear that the banking industry will continue to oppose the Digital Asset Market Clarity Act (CLARITY), a landmark crypto market-structure bill currently advancing in Congress. Speaking to Fox Business on May 29, Dimon specifically criticized crypto exchange Coinbase and its CEO, Brian Armstrong, for their lobbying efforts in favor of the legislation. Dimon argued that the latest version of the CLARITY Act gives crypto firms unfair advantages over traditional banks. According to him, the bill allows companies to pay interest on deposits and stablecoin balances without being subject to the same Anti-Money Laundering (AML), sanctions, and c
Federal AI policy aims to unify regulations, potentially easing compliance for startups, but risks persist if Congress remains inactive.
The post White House sends AI legislative framework to Congress amid state-level efforts appeared first on Crypto Briefing.
The post Lummis Warns China Could Eclipse US on CLARITY Stall as $1B Iran Crypto Seized, Gravity Bridge Loses $5.4M appeared on BitcoinEthereumNews.com.
Crypto News Wyoming Senator Cynthia Lummis has issued a stark warning that the United States risks ceding global leadership in digital assets to China and other rivals if Congress fails to enact the Digital Asset Market Clarity Act before the legislative window closes. Lummis argued that a comprehensive market structure framework is essential to ensure foreign jurisdictions do not dictate the rules of the next financial era, drawing a direct line from the dollar’s century of dominance to the coming era of tokenized finance. The Senate Banking Committee advanced the legislation in May after months of delay, yet ratification before the midterm cycle remains uncertain as competing interests inside Washington continue to pressure the text. JPMorgan chief executive Jamie Dimon publicly committed the banking lobby to opposing the current dra
The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
Senator Cynthia Lummis said Congress may not get another real chance to pass digital asset legislation until 2030 if the CLARITY Act fails. Lummis, in a post on X, said Congress faces a narrow window to move the Digital Asset…
The post Lummis warns next clarity act window is 2030 appeared on BitcoinEthereumNews.com.
Senator Cynthia Lummis says the Clarity Act must pass this Congress or the next legislative window opens in 2030. Summary Lummis posted on X that the next viable window for crypto market structure legislation is likely 2030 if Congress fails to act now. The Senate Banking Committee passed the Clarity Act 15 to 9 on May 14, but a full floor vote remains uncertain before midterms. Republicans risk losing House seats in November 2026, which could shelve comprehensive crypto regulation for years. Senator Cynthia Lummis issued a stark warning on May 29, telling lawmakers the current Congress represents the final realistic window to pass comprehensive digital asset legislation before a four-year freeze sets in. In a post on X, the Wyoming senator wrote: “The next window for digital asset legislation after this Congress is likely 2030. Until then, developers remain exposed with no legal protections, and
