The Clarity Act, considered one of the most important cryptocurrency laws in the United States, was recently blocked. This is due to a disagreement between the cryptocurrency sector and the banking sector regarding stable interest rates.
The banking industry supports not paying interest on cryptocurrencies or stablecoins because it fears their raison d’être will disappear.
JPMorgan CEO Jamie Dimon also made new statements on the matter.
Speaking to CNBC, Jamie Dimon made a clear statement on stablecoin awards, reiterating that they should not be given.
Reiterating his call for regulatory equality, Dimon argued that any company paying interest-like returns on stablecoins is functionally a bank and should be treated as such.
Damon’s point of view was clear and unambiguous:
“If a company holds its customers’ balances and pays revenue on those balances, that’s a banking function. It’s not a payments company. It’s not a fintech company.”
It should therefore be subject to the same rules as banks. If it wants to enjoy the same access to customers and financial activities as banks, it must also bear the same regulatory burden.
We are in favor of competition. However, it must be fair and balanced.
JPMorgan analysts, regardless of Dimon’s public statements, predict that the CLARITY Act will be passed in mid-2026. They also note that this could be a significant catalyst for cryptocurrencies in the second half of 2026. *This is not investment advice.
