Dimon escalates clash with Coinbase as banks push back on crypto bill

JPMorgan Chase CEO Jamie Dimon said banks will fight the Senate’s landmark crypto bill in its current form and publicly attacked Coinbase CEO Brian Armstrong, calling him 'full of s--t.' Dimon argued the bill would allow yield-bearing deposits and fail to address AML/BSA safeguards, signaling broad industry pushback even as the White House backs federal crypto regulation. The bill had advanced out of the Senate Banking Committee earlier in May amid banker objections, but a floor vote date hasn’t been set, and banks’ positions vary by business model.