Dimon fiercely criticizes a certain exchange’s CEO amid intensifying crypto bill dispute

The core of the controversy centers on whether cryptocurrency exchanges can pay interest on stablecoins. Cryptocurrency companies are seeking to offer yields, while banks argue that this would make stablecoins similar to high-yield deposits but without the traditional regulatory protection. Banking institutions "absolutely do not accept" the current version of the so-called Clarity Act, which has long been at the heart of disputes between the banking and cryptocurrency industries.