
President Trump accuses major banks of undermining pro-crypto legislation, while JPMorgan CEO Jamie Dimon defends tighter regulatory standards for digital asset firms.
Tensions over U.S. crypto market regulation intensified after President Trump accused major banks of opposing pro-crypto laws, while JPMorgan CEO Jamie Dimon emphasized the need for stricter oversight of crypto firms offering products resembling traditional bank services. Dimon’s comments come as U.S. lawmakers debate crypto legislation, particularly the regulation of stablecoins and firms offering balance rewards.