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HYPE
2026-06-09 10:00:00

Peter Schiff called Jamie Dimon's arguments about stablecoin regulation "nonsense"

Peter Schiff: Banking rules do not apply to stablecoin issuers Economist and gold advocate Peter Schiff questioned JPMorgan CEO Jamie Dimon's advocacy for regulating cryptocurrency companies issuing interest-bearing products according to banking standards. Schiff believes that stablecoin issuers differ from federal insurance lenders, and his remarks provide a sharp response to debates about yields, reserves, and financial competition. Schiffei's comments are a response to Dimon's earlier criticism of Coinbase and its CEO Brian Armstrong, a company that supports legislation on cryptocurrency market structures. The current focus of the dispute is whether digital asset companies offering yield-like products should comply with banks' capital, liquidity, compliance, and reporting standards.

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Peter Schiff called Jamie Dimon's arguments about stablecoin regulation "nonsense"
HYPE
2026-06-09 10:06:06

OpenAI submitted an S-1 draft valued at $852 billion, with ChatGPT's weekly active users surpassing 900 million

OpenAI has confirmed that it has submitted the documents The company acknowledged the submission in a widely circulated statement on social media. OpenAI stated: "We recently submitted a confidential S-1 file. We anticipate the document will be leaked, so we hereby announce this. The company added that this filing should not be interpreted as a signal of an imminent listing, stating that the "timetable has not yet been determined," and that it may remain privatized for some time, while retaining the option to list early when conditions permit.

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OpenAI submitted an S-1 draft valued at $852 billion, with ChatGPT's weekly active users surpassing 900 million