CryptoBullishCoinDesk · Mar 47/103
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Trump’s crypto adviser rejects Dimon on treating yield-bearing stablecoins like banks
Trump's crypto adviser Patrick Witt argues that yield-bearing stablecoins should not be subject to banking regulations, citing the Genius Act's prohibition on issuers lending out reserves. This position directly contradicts JPMorgan CEO Jamie Dimon's stance on treating such stablecoins like banks.
