Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
JPMorgan Head Attacks the CLARITY Act Over Stablecoin Yields - ForkLog: cryptocurrencies, AI, singularity, the future
JPMorgan CEO Jamie Dimon criticized the U.S. cryptocurrency market structure bill (CLARITY Act) in a Fox Business interview amid a dispute over "stablecoin" rewards.
The executive stated that the document essentially allows issuers to pay interest on deposits without comparable customer protection.
According to him, banks "will not accept this as it is."
The confrontation between banks and crypto companies has intensified as the CLARITY Act advances in Congress. Lawmakers are debating requirements for issuers, reserves, consumer protection, and the right to offer income-generating products similar to bank accounts.
The main point of conflict is the reward programs for "stablecoins."
Coinbase and its CEO Brian Armstrong believe that banks are seeking restrictions to protect the deposit model. The banking sector insists that companies offering services similar to banks should be subject to similar regulation.
Disagreements have slowed the progress of the bill, despite bipartisan support for digital asset regulation.
For the law to take effect, it must be approved by both chambers of Congress and signed by President Donald Trump.
In May, the Senate Banking Committee advanced its version of the initiative. The Agriculture Committee did so earlier. Currently, lawmakers are consolidating the texts before bringing them to a full Senate vote.
Recall that TD Cowen analysts downgraded their forecast for the passage of the CLARITY Act, considering its approval unlikely this year.