--- title: "Brian Armstrong Claps Back At Jamie Dimon After JPMorgan CEO's Stablecoin Criticism" type: "News" locale: "en" url: "https://longbridge.com/en/news/288147051.md" description: "Coinbase CEO Brian Armstrong responded to JPMorgan CEO Jamie Dimon's criticism of stablecoins and the CLARITY Act with a 'Heated Rivalry' meme. Galaxy Digital CEO Mike Novogratz joined the debate, questioning banks' influence on crypto legislation. Dimon argued that crypto firms lack equivalent safeguards to banks and accused Armstrong of excessive lobbying. The exchange highlights tensions between traditional finance and crypto advocates regarding regulatory frameworks." datetime: "2026-05-30T05:25:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288147051.md) - [en](https://longbridge.com/en/news/288147051.md) - [zh-HK](https://longbridge.com/zh-HK/news/288147051.md) generator: "portal-rs" --- # Brian Armstrong Claps Back At Jamie Dimon After JPMorgan CEO's Stablecoin Criticism On Friday, **Coinbase** (NASDAQ:COIN) CEO **Brian Armstrong** responded to criticism from **JPMorgan Chase** (NYSE:JPM) CEO **Jamie Dimon** with a hockey-themed meme as **Galaxy Digital** (NASDAQ:GLXY) CEO **Mike Novogratz** joined the debate. ## **Brian Armstrong Responds With ‘Heated Rivalry' Meme** Armstrong posted a custom "Heated Rivalry" poster that framed Coinbase and JPMorgan as opposing teams, turning an increasingly bitter policy disagreement into a public showdown between crypto firms and traditional finance. > https://t.co/T5cMfPPji5 pic.twitter.com/VGwsfF0qCT > > — Brian Armstrong (@brian\_armstrong) May 29, 2026 Novogratz also weighed in after Dimon's remarks, questioning whether banks should have a major role in shaping crypto legislation. "Since when do banks get to decide on legislation?" Novogratz wrote, arguing lawmakers — not financial institutions — should determine the future framework for digital assets. > Since when do banks get to decide on legislation? The way I understand basic government from the 10th grade is that our elected representatives write and pass laws. > > It's time for Washington to do the right thing. They have heard all sides for 18 months. > > Pass a bill that… https://t.co/m6hl762IvL > > — Mike Novogratz (@novogratz) May 29, 2026 The responses came after Dimon criticized stablecoins and attacked Armstrong personally during an interview focused on the proposed CLARITY Act. **Read Also: Coinbase Q1 Highlights: Double Miss, Market Share Record High, Prediction Markets One Of Fastest Product Launches Ever** ## **Dimon Criticizes Stablecoins And CLARITY Act Provisions** Dimon said his concerns center on provisions that could allow crypto companies to offer rewards on stablecoin holdings, arguing the structure would create direct competition with banks without imposing equivalent safeguards. "It allows cryptocurrency firms to effectively pay interest on deposits, stablecoins or something like that, without the protection that they should have," Dimon said. "The banks will not accept it that way." He also argued the legislation's anti-money laundering and Bank Secrecy Act provisions do not go far enough and warned lawmakers to move cautiously. "If they don't do it thoughtfully, it will be a huge problem," Dimon said. The JPMorgan chief then turned his criticism toward Armstrong directly, accusing the Coinbase CEO of spending heavily in Washington to push the legislation. "No one is going to bow down to this guy," Dimon said. ## **Crypto Industry Says Clear Rules Will Unlock Growth** Armstrong has consistently argued that clearer rules would help U.S. crypto companies innovate domestically. He previously said that "all American companies can finally start to build" as lawmakers continue debating digital asset regulation. **Price Action:** Coinbase shares closed Friday up 3.72% at $189.03 and decreased 0.39% to $188.30 in after-hours trading, according to Benzinga Pro. **Benzinga Edge Stock Rankings** place COIN in the 86th percentile for Quality, though the stock shows negative signals across short, medium and long-term time frames. ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* **Read Also: Strategy Moves Bitcoin To Coinbase: Here's What It Means For MSTR** *Credit: David Rodriguez Munoz via Imagn Images* ### Related Stocks - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [LTCN.US](https://longbridge.com/en/quote/LTCN.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [XLF.US](https://longbridge.com/en/quote/XLF.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [VFH.US](https://longbridge.com/en/quote/VFH.US.md) - [GSOL.US](https://longbridge.com/en/quote/GSOL.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [EETH.US](https://longbridge.com/en/quote/EETH.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [ETHV.US](https://longbridge.com/en/quote/ETHV.US.md) - [ETH.US](https://longbridge.com/en/quote/ETH.US.md) - [FNCL.US](https://longbridge.com/en/quote/FNCL.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) - [IAI.US](https://longbridge.com/en/quote/IAI.US.md) - [GLXU.US](https://longbridge.com/en/quote/GLXU.US.md) - [CRCA.US](https://longbridge.com/en/quote/CRCA.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [REKT.US](https://longbridge.com/en/quote/REKT.US.md) - [BSOL.US](https://longbridge.com/en/quote/BSOL.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [CRCD.US](https://longbridge.com/en/quote/CRCD.US.md) - [CRCG.US](https://longbridge.com/en/quote/CRCG.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [GLGG.US](https://longbridge.com/en/quote/GLGG.US.md) - [BLCN.US](https://longbridge.com/en/quote/BLCN.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) ## Related News & Research - [Mapping the Market: Cryptocurrency ether's technical picture brightens after sharp rebound](https://longbridge.com/en/news/296767860.md) - [Bitcoin, Ethereum, XRP, Dogecoin Hold Ground on Low-Volatility Monday](https://longbridge.com/en/news/296821534.md) - [Coinbase-backed crypto advocacy group endorses 32 US midterm candidates](https://longbridge.com/en/news/296788187.md) - [Trump to host crypto executives as SEC weighs regulations](https://longbridge.com/en/news/296358805.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**