JPMorgan CEO Slams the 'Clear Act': Banking Industry Won't Bow to Coinbase's Lobbying On May 29, 2026, JPMorgan CEO Jamie Dimon expressed dissatisfaction with the 'Clear Act' during an interview with Fox Business. He argued that the act allows crypto platforms to effectively pay interest on deposits and stablecoins, yet does nothing in terms of anti-money laundering or the Bank Secrecy Act, offering almost no legal protection. Jamie Dimon stated that the banking sector will never accept such an approach, and if this really happens, it will inevitably lead to a complete collapse. He emphasized that the banking industry will fight against this act to the end and will never bow to Coinbase and its CEO, who have been heavily pushing for the act. He also criticized Coinbase for spending billions of dollars on lobbying efforts in Washington, calling their claim of representing the entire industry absolute nonsense.