JPMorgan CEO Says Stablecoin Rewards Are Just Interest And Crypto Firms Paying Them Should Be Regulated as Banks

JPMorgan Chase CEO Jamie Dimon reiterated his call for regulatory parity on stablecoin rewards, arguing that any firm paying interest-like returns on balances is functionally a bank and should be treated as one. The Argument Dimon’s position is straightforward and he has made it consistently. source: https://www.ethnews.com/jpmorgan-ceo-says-stablecoin-rewards-are-just-interest-and-crypto-firms-paying-them-should-be-regulated-as-banks/