The post Banking and Crypto Leaders Clash Over CLARITY Act Ahead of White House Policy Talks appeared on BitcoinEthereumNews.com.

Brian Armstrong and Jamie Dimon had a public disagreement over the CLARITY Act during a discussion. Coinbase has pulled its support for the CLARITY Act in its current form. A high-profile showdown between Coinbase and major U.S. banks has again brought the CLARITY Act into the limelight. The proposed crypto market structure bill is now pending in the Senate. At the World Economic Forum in Davos, a heated exchange occurred between Coinbase CEO Brian Armstrong and JPMorgan CEO Jamie Dimon over the current provisions of the bill. This has highlighted the tension between the traditional financial sector and the rapidly developing digital asset industry. As per the report from WSJ, the lawmakers are trying to pass the CLARITY Act through Congress, with the Senate Agriculture Committee already voting to approve its part of the bill. The CLARITY Act aims to create a clear and comprehensive national regulatory framework for digital assets by harmonizing their regulation. This also clarifies the role of regulators such as the SEC and CFTC. Coinbase Pulls Back Support Over Bill Details Armstrong has stated that Coinbase will not support the CLARITY Act as it is now, as it may limit the ability of exchanges to provide yield products for stablecoins. He stated that the inherent components of the bill may impact the income of the crypto community and the freedom of choice that individuals have. On the other hand, banking executives such as the CEO of Bank of America, Brian Moynihan, have called for the regulation of companies that provide products similar to deposits. This has emphasized the conflict between digital asset products and financial regulations. During the event, the executives of Wells Fargo and Citigroup were said to have kept their distance from Armstrong. The CLARITY Act is soon to enter new territory as it…

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Filed under: News - @ January 31, 2026 10:23 am