JPMorgan: Opposes CLARITY Act Senate Advance
JPMorgan fights CLARITY Act after 294-134 House passage and 15-9 Senate committee vote. Stablecoin rewards fight blocks final floor action.
SourceAnalysis
JPMorgan escalated opposition to the CLARITY Act, the first full legal framework for digital assets in the United States.
House Passage and Senate Stalemate
The bill cleared the House in July 2025 by 294-134 before stalling in the Senate over stablecoin rewards. A Tillis-Alsobrooks compromise limited platforms to activity-linked rewards only, yet banks rejected it.
Committee Advance and Next Steps
On May 14 the Senate Banking Committee advanced the measure 15-9. It now needs 60 votes on the floor. JPMorgan CEO Jamie Dimon directly named Coinbase CEO Brian Armstrong while demanding equal rules for banks and crypto platforms.
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