Banks oppose the bill over concerns that it allows crypto companies to offer rewards programs that pay annual percentage yield, mimicking interest-bearing bank accounts without having to comply with regulations that traditional financial institutions must follow…
Dimon said the bill, which has been a priority for the White House, is riddled with issues, and will be fought when it comes to the Senate floor…
https://www.politico.com/news/2026/05/29/dimon-jpmorgan-crypto-banks-coinbase-armstrong-00942998
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