Browsing: us congress

JPMorgan Chase Chief Executive Jamie Dimon has renewed his criticism of proposed U.S. digital-asset legislation, saying banks would oppose the current version of the CLARITY Act because of provisions tied to stablecoin rewards and deposit-like products. Dimon’s remarks focused on regulatory

Federal Reserve Chair Jerome Powell stated on Tuesday that regulatory policies surrounding banking access should be reassessed, following concerns that the crypto industry is being unfairly excluded from financial services. Powell made the remarks during a Senate Banking Committee hearing,