Coinbase CEO Brian Armstrong has emerged as a leading adversary to Wall Street's traditional financial institutions, according to a February 2 report by the Wall Street Journal. Armstrong's disputes with bank executives, including JPMorgan's Jamie Dimon, center on cryptocurrency regulation and the "Cryptocurrency Market Structure Act" (CLARITY Act). Banks fear that high-yield stablecoins could divert $6.6 trillion in deposits, impacting their lending operations. Armstrong advocates for free market competition, accusing banks of stifling innovation. Stripe CEO Patrick Collison noted that Armstrong's stance, while not directly benefiting Coinbase, reflects his belief in competitive markets that protect consumer freedom. Armstrong echoed this sentiment, viewing the situation as a positive-sum game where both crypto firms and traditional banks can thrive, despite some political resistance to competition.