JPMorgan CEO: Stablecoin yields should be regulated the same as bank deposit interest rates

2026-03-03 03:16:13

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ChainCatcher News, JPMorgan Chase CEO Jamie Dimon said on CNBC Monday that he welcomes competition and development in blockchain technology but emphasized that stablecoin profits should operate within a fair regulatory environment.

Dimon pointed out that any institution holding customer funds and paying interest is essentially engaged in banking and should be subject to the same regulatory constraints. He proposed a compromise: allowing rewards for transactions, but if it involves holding balances and paying interest, it should be regulated like a bank. He also listed regulatory obligations banks must bear, including FDIC insurance, anti-money laundering regulations, and capital liquidity requirements.

Regarding legislative progress, the Senate Agriculture Committee advanced the Market Structure Act on January 29 with a narrow 12-11 vote. The bill still needs to be reviewed by the Senate Banking Committee before being submitted to the full Senate for a vote.

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