JPMorgan Chase CEO Jamie Dimon joins ‘Mornings with Maria’ for a wide-ranging discussion about AI risks, stablecoin regulation, housing affordability and his recent meeting with New York City Mayor Zohran Mamdani.
JPMorgan Chase Chairman and CEO Jamie Dimon issued an unfiltered, aggressive warning against a new crypto-friendly bill moving through Congress while also targeting Coinbase CEO Brian Armstrong’s multimillion-dollar lobbying push.
In a wide-ranging interview with FOX Business’ Maria Bartiromo on Friday, Dimon was asked about his thoughts on the CLARITY Act, which aims to establish clear regulatory guidelines in the US for digital assets and stablecoins.
Dimon then rejected Coinbase’s message that its lobbying represented the broader interests of consumers, promising an industry-wide “fight” on Capitol Hill.
“We’re going to fight it. If we lose, we lose and we’ll be fine,” Dimon said. “But it’s going to be fought… Nobody’s going to bow to this guy, okay? Or that company… And it’s spending hundreds of millions of dollars… You’re full of s–t.”
JAMIE DIMON REVEALS WHAT HE TOLD MAMDANI AFTER THE MEETING, HE SAYS IDEOLOGY CAN LEAD TO FAILED MAYORS.
“Just be fair. If they’re taking deposits like a bank, they should have banking rules. We have public requirements, litigation, legal requirements to pay money, capital requirements, AML requirements, financial reporting requirements, transparency requirements,” he continued. “If he wants to be a bank, be a bank. That’s all.”
Jamie Dimon, CEO of JPMorgan Chase & Co., during the 2026 Reagan National Economic Forum on Friday, May 29, 2026. (Getty Images)
Dimon argued that if crypto platforms want to act like banks and take customer deposits, they should play by the exact same rules.
“And they don’t have FDIC insurance. We have requirements to build branches in low-income areas… We have like 84 regulators for all of us. We’re just saying it should be fair and equitable, period. Not that they can’t do what they want to do,” Dimon said. “If you want to buy cryptocurrency, be my guest. You know, I believe it’s a free country, and I protect that right. But we just want it to be fair.”
Coinbase CEO Brian Armstrong joins ‘Mornings with Maria’ to break down Senate crypto legislation, the future of digital finance, and how AI, stablecoins and new products are driving Coinbase’s growth.
When asked if he was “happy” with the official language of the Clear Act, Dimon replied: “No, because it allows them to effectively pay interest on deposits, stablecoins or something like that, without the protections that they should have… almost no legal protections. So no, the banks won’t accept it that way.”
Coinbase did not immediately respond to Fox News Digital’s request for comment.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The CEO of the largest American bank also warned that decentralized crypto networks are at risk of becoming a conduit of choice for cartels and human traffickers if Washington does not enforce stricter oversight.
Lonski Group President John Lonski joins ‘Mornings with Maria’ to discuss the recovery of the US economy, the record rally on Wall Street and how AI investments are driving growth.
“I think it’s going to be used for cross-border payments, small-dollar payments, you know, person-to-person. [transactions],” said Dimon. “Remember, if that money is in a wallet overseas, it could be in anyone’s wallet. And it goes to the third bag, the fourth bag. So the first one may be legitimate, [the] the second may be a sex trafficker. So, you know, it’s complicated and the government needs to do it carefully. If they don’t do it thoughtfully… it will be a big problem.”
READ MORE AT FOX BUSINESS
