**Senator Cynthia Lummis Fires Back at Jamie Dimon Over Stablecoin Bill, Claims He "Has Not Read" the CLARITY Act**
**WASHINGTON** — U.S. Senator Cynthia Lummis (R-WY) has openly criticized JPMorgan Chase CEO Jamie Dimon’s stance on the proposed CLARITY Act, asserting that the prominent banker’s critiques are entirely unfounded because he hasn't actually reviewed the legislation.
Speaking in a recent interview with CNBC, Lummis dismissed Dimon's public opposition to the stablecoin bill, stating bluntly that his views are "completely wrong" and suggesting his arguments lack substance due to a fundamental unfamiliarity with the text itself.
The friction follows a wave of sharp criticism from Dimon, who has long been one of Wall Street's most vocal crypto skeptics. Dimon recently took aim at both stablecoins and the CLARITY Act, claiming the legislation fails to mandate sufficient Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) safeguards. He argued that if cryptocurrency firms intend to offer services parallel to traditional banking, they must be held to identical regulatory benchmarks—including strict AML and Know Your Customer (KYC) compliance.
Lummis, a leading congressional advocate for digital asset regulation, maintains that the bill provides a robust framework for oversight, setting up a clear battle lines between Washington lawmakers pushing for crypto integration and legacy banking executives demanding stricter guardrails.
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