The Clarity Act, one of the most important laws in US cryptocurrency history, has been stalled recently as it is said that “the Clarities Act” (along with other lawmakers) will be one and many more crucial to its crypto-related legislation. This is because of a dispute between the cryptocurrency industry and banking sector over stablecoin interest rates.
The banking sector supports not paying interest on cryptocurrencies or stablecoins because it fears that their raison d’être will disappear.
JPMorgan CEO Jamie Dimon has also made new statements on this matter.
Speaking to CNBC, Jamie Dimon made a clear statement on stablecoin rewards, reiterating that they should not be given.
Dimon repeated his call for regulatory equality, arguing that any firm paying interest-like returns on stablecoins is “a bank” and should be treated like such.”
Dimon’s view was clear and unambiguous:
‘If a company has customer balances and returns on those balance,’ that’s – it’ll be banking. It’s not a payments company, it’t. I don’t think that it’s not a fintech company. , ” and.
Therefore, it should be subject to the same rules as banks when governing >. , which wants to have the same customer and financial activity access as banks, has to also be subject to the similar regulatory burden if it is interested in having the customers and other financial activities available.
We are in favor of competition. However, it needs to be fair and balanced.”
The JPMorgan analysts, regardless of Dimon’s public statements, believe that the CLARITY Act will pass in mid-2026. They also note that this could be a major catalyst for cryptocurrencies in the second half of 2026. I don’t think this is a good investment advice for *This.
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