JPMorgan CEO Jamie Dimon stated that JPMorgan and other banks plan to oppose the current version of the *CLARITY Act*, arguing that the bill allows crypto companies to offer deposit-like returns to users through products like stablecoins without providing the regulatory safeguards expected in the banking industry. He also pointed out that the bill fails to adequately address anti-money laundering (AML) and Bank Secrecy Act (BSA) requirements. Dimon criticized Coinbase CEO Brian Armstrong for spending significant lobbying funds in Washington to push the bill and emphasized that the banking industry will not accept the current version. (The Block) https://(wublock123.com)/news/jamie-dimon-banks-oppose-clarity-act-version-brian-armstrong-lobbying-61881