“YOU ARE FULL OF S—.”: ARMSTRONG CLASHES WITH DIMON AT DAVOS
At Davos, JPMorgan’s Jamie Dimon told Coinbase CEO Brian Armstrong, “You are full of s—,” after Armstrong accused banks of blocking crypto-friendly legislation.
The confrontation highlights a growing battle: banks fear stablecoins paying higher yields could drain deposits, while Armstrong argues consumers should have a choice. Coinbase aims to be a “bank replacement,” offering payments, trading, and 3.5% rewards on stablecoins, putting it at odds with traditional finance.
As the Clarity Act moves through Congress, Coinbase is staking its claim at the forefront of crypto’s mainstream push.
