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Chronicles

The story behind the story

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A look at the clash between Coinbase and Wall Street over the Clarity Act and whether crypto exchanges can offer stablecoin “rewards”

Coinbase chief Brian Armstrong is clashing with Jamie Dimon and other bank stewards over the future of finance

Wall Street Journal

Discussion

  • @buccocapital @buccocapital on x
    Atta boy Jamie [image]
  • @patrickc Patrick Collison on x
    Something this WSJ piece omits is that what @brian_armstrong is arguing for is not obviously in Coinbase's interest: in a world where yield sharing is prohibited, USDC will at least in a first-order way be more directly profitable for Coinbase. As far as I can tell, Brian's
  • @aosipovich Alexander Osipovich on x
    “You are full of s—,” said JPMorgan's Jamie Dimon, his index finger pointed squarely at Brian Armstrong's face. Not fanfic but great in-depth reporting on the policy clash between Coinbase and the banks. From @AmrithRamkumar @dgtokar @ginaheeb https://www.wsj.com/...