Jamie Dimon warns Coinbase must play by same rules as JPMorgan or the ‘public will pay’

If it walks like a bank and talks like a bank, then it probably is one — and should be regulated as such, according to JPMorgan Chase CEO Jamie Dimon. The banking executive said on Monday that if crypto firms want to pay customers stablecoin rewards, they need to be properly regulated and become banks so they can compete fairly with traditional lenders. If crypto companies, such as Coinbase, don’t play by the same rules as banks, the “public will pay,” Dimon warned in a Monday interview with CNBC. “It ...