Trump’s crypto adviser rejects Dimon on treating yield-bearing stablecoins like banks

The White House’s crypto adviser pushed back on JPMorgan CEO Jamie Dimon’s assertion that stablecoin issuers who pay interest should be regulated like banks.Stablecoins need not be treated like dep...

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Trump’s crypto adviser rejects Dimon on treating yield-bearing stablecoins like banks

Source: cryptonews.net

The White House’s crypto adviser pushed back on JPMorgan CEO Jamie Dimon’s assertion that stablecoin issuers who pay interest should be regulated like banks.Stablecoins need not be treated like deposits because the Genius Act explicitly bars issuers from ...