JPMorgan CEO Warns Stablecoins Could “Collapse,” Probability of Clarity Act Passing This Year Declines
Svmuu News: JPMorgan CEO Jamie Dimon stated that the U.S. crypto market structure bill, the "Clarity Act," allows crypto companies to offer deposit-like interest returns on products such as stablecoins, but lacks corresponding protections. He warned that such arrangements "could eventually collapse" and that he would not participate in them. Reports indicate that disagreements persist between the banking industry and crypto companies over whether stablecoin accounts can offer interest-like rewards. The probability of the Clarity Act passing this year has dropped from nearly 70% to slightly above 50%. Affected by related uncertainties, Bitcoin recently fell below $76,000. (forbes)
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
U.S. Stocks Extend Fall, S&P 500 Down 1.00%
-
2
The commentary noted that Saudi Arabia plays a key role in the issue of Palestinian statehood, and that its stance is crucial to the normalization of relations with Israel.
-
3
When Will the Uniswap Decentralized Exchange Launch? An Analysis of Its Origins and Core Mechanisms
-
4
Glencore expects first-half trading profits to reach $3.3 billion, boosted by increased volatility in the oil market due to the war in Iran
-
5
What Is the CTR Token? A Guide to the Citrea (CTR) Token and Where to Trade It
-
6
A Roundup of the World’s Leading Cryptocurrency Market Data Software and Trading Platforms
-
7
WAIFER Token Project Analysis: Market Performance and Investment Considerations
-
8
Analysis of SPURDO Token Supply and Circulating Supply: Coexistence of Multiple Data Sets
-
9
What Is ZRX? An In-Depth Analysis of the 0x Protocol and the Value and Risks of Its Token
-
10
Guide to Buying, Trading, and Listing the BBT (BitBook) Token on Exchanges
Markets Today
Recommended Reading









