JPMorgan Chase CEO again criticizes Coinbase, warning that stablecoin regulatory legislation may fail.

CoinFeed reported on May 30th that, according to Coindesk, JPMorgan Chase CEO Jamie Dimon has again sharply criticized Coinbase CEO Brian Armstrong, warning that the latest version of the Digital Asset Market Clarity Act may ultimately fail if lawmakers do not address traditional banks' concerns about stablecoin regulation. Dimon believes the bill would allow stablecoin issuers to effectively pay deposit interest without bank-style protections and predicts that if adopted as is, the bill "will ultimately fail."