JPMON CEO Jamie Dimon has criticised the digital asset industry for not allowing banks to offer significant yield on stablecoins, which are pegged to the value of the dollar. This comes amid a dispute between traditional finance and crypto backers over the ability of these companies to pay rewards to customers who hold stablecoins. Dimon argued that if banks were subject to certain restrictions that crypto firms offering yield on these tokens could cause disaster for the U.S. economy. He emphasized the importance of these regulations, including participation in the federal deposit insurance program and adherence to stringent requirements related to anti-money laundering standards, transparency, community investment, reporting, and governance. However, the Senate Banking Committee voted on the legislation on the eve of the vote, but the issue has not been resolved.