Crypto World News reports that JPMorgan Chase CEO Jamie Dimon expressed dissatisfaction with the “Clear Act” during an interview with Fox Business. He believes the bill allows crypto platforms to pay interest on deposits and stablecoins, but provides almost no legal protections in terms of anti-money laundering and banking secrecy laws. Dimon said that the banking industry will never accept this approach, and if it really happens, it will ultimately blow up completely. He emphasized that the banking industry will fight the bill all the way through and will never bow to Coinbase and its CEO, who are behind the push for the bill, and called their claim that they represent the entire industry nothing short of nonsense, noting that they have spent hundreds of millions of dollars lobbying in Washington.