{"id":30256,"date":"2026-05-30T11:07:31","date_gmt":"2026-05-30T11:07:31","guid":{"rendered":"https:\/\/bitunikey.com\/news\/brian-armstrong-fires-back-at-dimon-with-a-hockey-meme\/"},"modified":"2026-05-30T11:07:40","modified_gmt":"2026-05-30T11:07:40","slug":"brian-armstrong-fires-back-at-dimon-with-a-hockey-meme","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/brian-armstrong-fires-back-at-dimon-with-a-hockey-meme\/","title":{"rendered":"Brian Armstrong fires back at Dimon with a hockey meme"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Brian Armstrong fired back at Jamie Dimon on Friday with a meme, after the JPMorgan CEO attacked him on live TV.<\/p>\n<div id=\"cn-block-summary-block_c071822b720e12d4ace4f90cd0aedf4e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Jamie Dimon appeared on Fox Business on May 29, calling Armstrong \u201cfull of sh!t\u201d and vowing that banks will fight the Clarity Act\u2019s stablecoin provisions. <\/li>\n<li>Armstrong responded on X with a hockey-themed meme depicting himself and Dimon facing off, while Galaxy CEO Mike Novogratz publicly backed Armstrong. <\/li>\n<li>Dimon\u2019s core objection is that the Clarity Act lets crypto firms effectively pay interest on stablecoin deposits without bank-level oversight.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Coinbase CEO Brian Armstrong posted a hockey-themed rivalry meme on X on Friday, hours after JPMorgan Chase CEO Jamie Dimon appeared on Fox Business\u2019s <em>Mornings with Maria<\/em> and called Armstrong \u201cfull of sh!t\u201d over his lobbying push for the Digital Asset Market Clarity Act.<\/p>\n<p>The exchange escalated a months-long public feud between Wall Street\u2019s largest bank chief and crypto\u2019s most prominent exchange CEO, now centred on a single sticking point: whether crypto platforms should be allowed to pay yield on stablecoin balances without submitting to bank-style regulation.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/T5cMfPPji5\">https:\/\/t.co\/T5cMfPPji5<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/VGwsfF0qCT\">pic.twitter.com\/VGwsfF0qCT<\/a><\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/brian_armstrong\/status\/2060452367196393550?ref_src=twsrc%5Etfw\">May 29, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">What Dimon said and what it means<\/h3>\n<p>Appearing on Fox Business on May 29, Dimon <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.benzinga.com\/crypto\/26\/05\/52892514\/brian-armstrong-claps-back-at-jamie-dimon-after-jpmorgan-ceos-stablecoin-criticism\" target=\"_blank\" rel=\"nofollow\">said<\/a>: \u201cIt allows cryptocurrency firms to effectively pay interest on deposits, stablecoins or something like that, without the protection that they should have. The banks will not accept it that way.\u201d He warned the system would \u201ceventually blow up\u201d if passed as written, and accused Armstrong of spending hundreds of millions of dollars in Washington to push the bill. \u201cNo one is going to bow down to this guy,\u201d Dimon said.<\/p>\n<p>Galaxy Digital CEO Mike Novogratz joined the response on X, writing: \u201cSince when do banks get to decide on legislation?\u201d Novogratz argued that lawmakers, not financial institutions, should determine the framework for digital assets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The friction between Dimon and Armstrong is not new. At the World Economic Forum in Davos in January 2026, Dimon reportedly told Armstrong directly \u201cyou are full of sh!t\u201d in a private meeting that also included former UK Prime Minister Tony Blair. Bank of America CEO Brian Moynihan also reportedly told Armstrong at Davos: \u201cIf you want to be a bank, just be a bank.\u201d Coinbase pulled its support for the Clarity Act in January after a Senate draft included provisions that would have effectively banned yield on stablecoin balances, a withdrawal that forced Senate Banking Committee Chair Tim Scott to cancel a scheduled vote.<\/p>\n<p>By May, a compromise had emerged allowing activity-based rewards while banning passive yield. As crypto.news reported, Armstrong backed the updated bill ahead of the Senate Banking Committee\u2019s May 14 markup, which advanced the legislation 15 to 9. Despite that progress, Dimon\u2019s Friday comments signalled that JPMorgan and allied banks intend to push back on the floor vote.<\/p>\n<p>For Coinbase, the stakes are direct. Coinbase reported $1.35 billion in stablecoin revenue in 2025, making the yield provisions a revenue variable as much as a policy preference. Galaxy Research head Alex Thorn currently gives the Clarity Act 70% odds of passing before August recess, while Polymarket traders price it at 61%. Dimon\u2019s public opposition, backed by the weight of America\u2019s largest bank, adds institutional friction at precisely the moment the bill\u2019s floor timeline is most compressed.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brian Armstrong fired back at Jamie Dimon on Friday with a meme, after the JPMorgan CEO attacked him on live TV. Summary Jamie Dimon appeared on Fox Business on May&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30256"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30256\/revisions"}],"predecessor-version":[{"id":30258,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30256\/revisions\/30258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30257"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}