JPMorgan CEO: Stablecoin yields should be regulated like bank deposit interest
JPMorgan CEO Jamie Dimon stated on CNBC on Monday that he welcomes competition and development in blockchain technology but emphasized that the earnings from stablecoins should operate under a fair regulatory environment.
Dimon pointed out that any institution holding customer funds and paying interest is essentially engaged in banking and should be subject to the same regulatory constraints. He proposed a compromise: rewards could be allowed for transaction payments, but if it involves holding balances and paying interest, it should be regulated according to banking standards. He also listed the regulatory obligations that banks must bear, including FDIC insurance, anti-money laundering regulations, and capital liquidity requirements.
In terms of legislative progress, the Senate Agriculture Committee has narrowly advanced the market structure bill by a vote of 12 to 11 on January 29, which still needs to be reviewed by the Senate Banking Committee before it can be submitted for a full vote in the chamber.
You may also like

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point

After a 48-hour ban, Claude reached the top of the App Store

If this is the beginning of the triple halving, what are top investors saying about what to expect?

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow

Pantera Capital Partner: The Financial Trajectory of AI Agents

In the next 5 years, Vitalik will scale Ethereum like this

Sam Altman and the End of the World Capitalism

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

Why is it said that there are structural opportunities in encrypted AI?

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?
