Dimon, that sounds familiar; he also called Bitcoin a scam back in the day.

JPMorgan Chase CEO Jamie Dimon warns that if the CLARITY Act allows stablecoin issuers to operate with interest earnings similar to bank deposits, it could trigger a crisis. Insufficient regulation would lead crypto companies to pay interest to customers, which banks are unwilling to accept. Dimon said he would not participate if it happens and predicts problems will arise. Patrick Witt, Executive Director of the U.S. Digital Asset Advisory Committee, said he plans to push for passage; Polymarket data shows the probability of the bill passing in 2026 has dropped from nearly 70% to just over 50%.