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Ripple CEO blasts JPMorgan's Dimon for misleading on crypto rules to protect $20B payments revenue.

Market News
11 Jun 2026
UToday
View Source
Neutral
pluang ai news

Ripple CEO Brad Garlinghouse criticized JPMorgan CEO Jamie Dimon for opposing the CLARITY Act, accusing him of distorting facts to protect JPMorgan's $20 billion payments business. The CLARITY Act aims to provide clear crypto regulations to bring digital asset trading back to the U.S. and protect investors. CFTC Chairman Michael Selig defended the bill, stating it strengthens oversight rather than weakens it. Ripple sees the Act as key to expanding its corporate-focused crypto services and legal recognition in the U.S., with Congress needing to act soon before recess.

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