Jamie Dimon Tells Coinbase CEO 'You’re Full of It' at Davos as Crypto Bill Debate Heats Up
A heated exchange between JPMorgan’s Jamie Dimon and Coinbase CEO Brian Armstrong at the World Economic Forum highlights growing tensions over U.S. crypto legislation.
At the World Economic Forum in Davos, JPMorgan CEO Jamie Dimon confronted Coinbase CEO Brian Armstrong while Armstrong was speaking with former UK prime minister Tony Blair, telling him “You are full of s—,” according to contemporaneous reports [1][2].
The clash occurred against the backdrop of a broader dispute over proposed U.S. crypto legislation and market-structure proposals: reports link the Davos confrontation to disagreements around a major market-structure bill and the CLARITY Act, and note that Coinbase recently withdrew support for a key U.S. crypto bill [3][4].
Multiple outlets covered the exchange and its political context, with reporting noting the incident as part of widening tensions between established banks and crypto firms as lawmakers and industry leaders debate regulatory frameworks [2][4].
The Davos confrontation underscores escalating public friction between traditional banking leadership and crypto executives amid active debates over U.S. crypto policy [3][4].
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- 1
- 2Jamie Dimon Tells Coinbase CEO Brian Armstrong He’s ‘Full of Sh—’ in Davos Clash: WSJBitcoin Magazine• Jan 30, 2026
- 3
- 4Coinbase, JPMorgan CEOs clashed over market structure bill at Davos: ReportCointelegraph• Jan 30, 2026
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