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Fernando Nikolic, founder at Perception, argues that Jamie Dimon’s opposition to the Clarity Act reflects the banking industry's effort to protect its core subsidies.
Nikolic points out that commercial banks depend on accepting consumer deposits, offering minimal interest, and lending at high leverage under FDIC protection. He contrasts this model with stablecoins, which he suggests allow users to bypass traditional banking systems.
Nikolic has previously observed that even leading open-source crypto projects can see token prices fall sharply, referencing Ethereum’s approach to token value. He has also cited Bitcoin Pizza Day as a warning for users to safeguard their assets and avoid spending Bitcoin prematurely. These views align with his consistent focus on financial system structures and digital asset risks.