Dimon slams Coinbase chief as banks push tougher crypto rules

JPMorgan CEO Jamie Dimon publicly blasted Coinbase CEO Brian Armstrong, calling him “full of s--t” and warned that big banks will oppose the current form of the Clarity Act, which aims to plug regulatory gaps in digital assets and would subject exchanges to stronger oversight; Armstrong has been spending heavily to lobby DC to shape the bill in crypto’s favor, while banks argue that allowing platforms to pay interest on stablecoins could siphon deposits as the legislation moves through Congress.