Senator Cynthia Lummis fired back at JPMorgan CEO Jamie Dimon over his criticism of the CLARITY Act, saying during a CNBC Squawk Box appearance that he either “hasn’t read the bill” or “wants to mislead people.” The comment escalates the fight between banks and crypto firms as the U.S. market-structure bill moves closer to a Senate floor battle. Dimon has criticized the legislation and the crypto industry’s push to preserve stablecoin rewards, while Lummis argued that the bill already covers anti-money-laundering and Bank Secrecy Act obligations.