# Brian Armstrong

Jamie Dimon’s Defensive Offensive: The Wall Street War Over Crypto’s ‘Clarity Act’

JPMorgan CEO Jamie Dimon has launched a scathing critique of Coinbase and the proposed Clarity Act, arguing that crypto firms must adhere to the same stringent regulations as traditional banks if they wish to accept deposits and move money globally. While the crypto industry views the bill as a necessary framework for innovation and US leadership, Dimon warns it lacks sufficient consumer protection and creates unfair competitive advantages.