Dimon slams Coinbase chief as banks unite against CLARITY Act
Jamie Dimon criticized Coinbase CEO Brian Armstrong for his claims regarding the crypto industry. Dimon expressed concerns over the CLARITY Act, arguing it lacks necessary regulations that banks must follow. He believes stablecoins could be a legitimate payment system but opposes the current legislation as unfair to traditional banks.
- ▪Dimon called Armstrong 'full of sh*t' for claiming to represent the crypto industry.
- ▪The CLARITY Act is progressing through the Senate after clearing the Banking Committee.
- ▪Dimon warned that if the bill passes as written, it could harm the banking industry and lead to significant funds moving from banks to digital alternatives.
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Dimon slams Coinbase chief as banks unite against CLARITY Act Dimon called stablecoin a potentially legitimate payment rail for cross-border and small-dollar transfers. Share Add us on Google by Vivian Nguyen May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); JPMorgan Chase CEO Jamie Dimon called Coinbase chief Brian Armstrong “full of sh*t” for claiming to speak for the whole crypto industry.
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