Dimon is once again applying pressure on stablecoin legislation; traditional banks are not afraid of competition, but rather of not being prepared when the competition arrives.

JPMorgan CEO Dimon once again criticizes Armstrong, warning that if lawmakers do not address traditional banks' concerns over stablecoin regulation, the latest Digital Asset Market Clarity Act could fail. He states that the bill would allow stablecoin issuers to pay deposit interest without bank protections, and passing it as-is would be difficult to establish.