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U.S. Senator Lummis: JPMorgan Chase CEO's view on the "CLARITY Act" bill is "completely wrong"
Previously, Jamie Dimon had sharply criticized the proposed CLARITY Act and stablecoins, accusing them of lacking sufficient anti-money laundering (AML) and Bank Secrecy Act (BSA) protections. He stated that if crypto companies perform functions similar to banks, they should comply with the same AML, KYC, and regulatory standards as traditional banks. Additionally, he criticized Coinbase CEO Brian Armstrong, calling him "full of nonsense," and vowed to oppose the bill.