JPMorgan · CLARITY Act · US Senate · US Congress · Bitcoinist
Banks Vs. Crypto Law: JPMorgan CEO Doubles Down On CLARITY Opposition
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Prediction markets put the odds of the Digital Asset Market Clarity Act becoming law this year at 59%, down from a high of 68% following a Senate committee vote earlier this month.
Key facts
- Prediction markets put the odds of the Digital Asset Market Clarity Act becoming law this year at 59%, down from a high of 68% following a Senate committee vote earlier this month
- JPMorgan CEO Jamie Dimon appeared on Fox Business this week and made clear that the banking sector has no plans to stand aside
- The bill still needs to pass both chambers of Congress and be signed by US President Donald Trump before it takes effect
- The Senate Banking Committee advanced the CLARITY Act in May, but the vote was far from a show of broad support
Summary
That slide reflects growing uncertainty around a bill the crypto industry had hoped would clear Congress before year’s end. The Senate Banking Committee advanced the CLARITY Act in May, but the vote was far from a show of broad support. The bill still needs to pass both chambers of Congress and be signed by US President Donald Trump before it takes effect. JPMorgan CEO Jamie Dimon appeared on Fox Business this week and made clear that the banking sector has no plans to stand aside.