JPMorgan CEO Jamie Dimon Slams Stablecoin Yield Demands: 'The Public Will Pay'

The nation’s most powerful banker offered stern words for the digital assets industry this week, as traditional finance and crypto backers duke it out over key language in a stalled crypto market bill. The bill faces numerous hurdles, but the most prominent involves a dispute over the ability of crypto companies to pay rewards to customers who hold stablecoins, crypto tokens pegged to the value of the dollar. Crypto giants like Coinbase appear willing to die on the hill that they should be able to offer cus ...