JPMorgan CEO Jamie Dimon accuses Coinbase's Brian Armstrong of spending hundreds of millions lobbying for the Clarity Act, escalating a feud over stablecoin yield regulation.

Dimon said Coinbase's Armstrong is spending hundreds of millions of dollars trying to get Clarity Act passed.

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon vowed to fight the CLARITY Act in a Fox Business interview Friday, calling Coinbase