Mars Finance News reported that on May 31, JPMorgan Chase CEO Jamie Dimon issued a warning about the U.S. crypto market structure bill, the “CLARITY Act.” He said that if stablecoin issuers were allowed to provide users with returns in a way similar to bank deposit interest, the related model could ultimately “blow up.” Dimon said the bill would allow crypto companies to offer deposit-like returns to users via stablecoin accounts in the absence of the corresponding regulatory protections, which the banking industry would not accept. He said: “I’m not worried about stablecoins themselves, but if this happens, I won’t participate, and it will eventually blow up.” The “CLARITY Act” is intended to clarify the U.S. crypto industry’s regulatory framework and divide responsibilities among regulators. Previously, Patrick Witt, Executive Director of the U.S. Digital Assets Advisory Committee, said the Trump administration planned to push the bill through before July 4. However, Polymarket data shows that the probability of the “CLARITY Act” passing within 2026 has dropped from nearly 70% to slightly above 50%.

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GateUser-fbbc916d

· 2h ago

Banks are not afraid of stablecoins; they're afraid of deposit withdrawals.

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HotAirBalloonViewingSchedule

· 8h ago

Insufficient regulation is the key point to emphasize; it will be tested.

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ReorgSurvivor

· 8h ago

American legislative efficiency, those in the know understand

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BlackVelvetKeychain

· 8h ago

The arrogance of traditional finance will eventually be slapped in the face by DeFi.

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SolitaryLampInTheSilentSea

· 8h ago

Deposit interest? I've already played with Yu'e Bao before.

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GlassDomeObservatory

· 8h ago

Things that banks do not accept are often the most valuable

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GateUser-c3de680b

· 8h ago

Warning of a major crash ×10086, the wolf is coming

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GaslightSamurai

· 8h ago

Trump is eager to pass legislation, just a political bargaining chip.

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MarginMoth

· 8h ago

Even if the bill passes, it's just patch after patch, useless.

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LiquidityLifeguard

· 8h ago

Dimon is not involved, but JPMorgan will secretly lay out plans.

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JPMorgan CEO warns: If stablecoins can pay interest similar to deposits, they may ultimately “blow up”

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