JPMorgan CEO deny di Clarify Act, demand say make crypto get equal bank rules

JPMorgan Chase CEO Jamie Dimon talk say the proposed "Clarity Act" fit cause big wahala between traditional banks and crypto companies. For Fox Business interview, e talk say banks no dey against regulation, but dem want true "fair and equal" playing field under US crypto rules. Dimon main points about the Clarity Act: - If platform dey take deposits or dey do core banking work, e suppose follow rules wey dey similar to banks. - Decentralized platforms suppose meet similar reporting, liquidity, and capital requirements too. - E warn say weak oversight fit make illegal groups waka enter and fit cause national security wahala. E criticize the current draft as not good for both big and small institutions, say e fit allow deposit-backed stablecoin payments to continue without enough guarantees. Before Senate vote, e talk say JPMorgan and other big institutions go lobby to block the bill as e be now. E also mention say US banks dey supervised by 84 regulators, meanwhile decentralized platforms get far less oversight. For crypto traders, this one na short-term catalyst for regulatory uncertainty. Expect more focus on stablecoins, deposit-like services, and compliance costs tied to being treated like banks — things wey fit move market expectations even before any final bill outcome.