OpenAI engages Citigroup, JPMorgan for IPO discussions

The clash highlights the ongoing tension between traditional banking and emerging digital finance, potentially reshaping regulatory landscapes. The post JPMorgan CEO Jamie Dimon criticizes Coinbase’s Brian Armstrong over Clarity Act lobbying appeared first on Crypto Briefing.

As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its current form. He also suggested that efforts by crypto proponents are unlikely to produce a broad consensus with traditional financial institutions.  “It will be fought. No one’s gonna bow down to this guy, or that company,” Dimon said, referring to the act and Armstrong. Dimon continued: “He’s the only one, and he’s spending hundreds of millions of dollars in Washington on this thing… He’s full of shit.” Related Reading: Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto As reported by NewsBTC on Thursday, the bill advanced in the Senate earlier this month. The Senate Banking Committee approved its portion, building on earlier progress from January

OpenAI's expanded IPO banking lineup could set a precedent for future mega-cap tech offerings, influencing market dynamics and investor strategies. The post OpenAI reportedly in talks to add Citigroup and JPMorgan to its IPO banking lineup appeared first on Crypto Briefing.

The clash highlights the ongoing tension between traditional banking and emerging digital finance, potentially reshaping regulatory landscapes. The post JPMorgan CEO Jamie Dimon criticizes Coinbase’s Brian Armstrong over Clarity Act appeared first on Crypto Briefing.

Buterin's warning highlights the risk of centralization in Ethereum, urging a focus on true decentralization to preserve user sovereignty. The post Vitalik Buterin warns Ethereum ecosystem against OpenAI’s path in EthCC speech appeared first on Crypto Briefing.

JPMorgan's Jamie Dimon said banks will oppose the Clarity Act over stablecoin rewards and weak protections, enforcing another headwind for the bill.

The Dimon-Armstrong clash highlights traditional finance's influence in shaping crypto regulation, impacting stablecoin reward structures. The post JPMorgan CEO Jamie Dimon criticizes Coinbase’s Brian Armstrong, opposes Clarity Act stablecoin provisions appeared first on Crypto Briefing.

JPMorgan Chase CEO Jamie Dimon has said banks will oppose the Clarity Act unless lawmakers change provisions that he says give crypto firms bank-like powers without bank-level safeguards. Fox Business reported that Dimon made the comments on Friday during an…