ChainCatcher reports that JPMorgan Chase CEO Jamie Dimon recently stated on CNBC that he supports the development of blockchain technology but emphasizes that stablecoin rewards should be subject to the same regulatory standards as traditional banking products. He believes that any company holding customer funds and paying interest is essentially engaged in banking and should be regulated accordingly.
Dimon suggests offering rewards based on trading activity rather than account balances as a compromise. Currently, the Senate Agriculture Committee has passed parts of the Market Structure Act, which aims to clarify the jurisdiction of the SEC and CFTC, requiring customer fund segregation and reserve proof.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
加密行业已投入2.71亿美元影响2026年美国中期选举
加密行业游说组织已投入约2.71亿美元影响2026年美国中期选举，伊利诺伊州参议院初选引发关注，副州长候选人Stratton遭加密PAC攻击广告。加密行业正逐渐成为重要政治力量。
GateNews10m ago
Argentine Securities Regulator Blocks Peso Stablecoin Operations
The institution reported that argt, a peso-linked stablecoin, constitutes a security, subject to the regulatory regime for capital markets for these instruments. The stablecoin, issued by Twin Finance and listed by Belo, offered up to 32% APR.
Regulator Classifies Argentine Peso Stablecoin as a
Coinpedia9h ago
Social media platform X submits remedial measures to the European Commission regarding blue verification mark issues
Elon Musk's social media platform X submitted a remediation plan under pressure from the European Commission, following a €120 million fine for violations including "blue badge certification" issues. The EU pointed out problems including X's paid verification, insufficient advertising transparency, and non-compliant data access.
GateNews9h ago
HSBC, Standard Chartered Tipped for HK Stablecoin Licenses
Hong Kong is set to grant stablecoin licenses to HSBC and Standard Chartered, aiming to establish a regulated framework for digital assets. This move seeks to boost innovation while ensuring financial stability and investor protection.
TodayqNews9h ago
Bank–Crypto Clash Slows Senate Clarity Act Progress
Dispute over stablecoin reward programs between banks and crypto firms has slowed progress on the Senate Clarity Act.
Banks warn rewards could trigger deposit flight, while crypto advocates say evidence of major shifts is limited.
Lawmakers including Sens. Alsobrooks and Tillis are
CryptoFrontNews10h ago
