Ripple CEO Brad Garlinghouse publicly criticized JPMorgan CEO Jamie Dimon’s stance on the CLARITY Act, a bill aimed at clarifying U.S. crypto regulations. Dimon argued the bill could weaken compliance and increase fraud risks, while Garlinghouse accused him of protecting JPMorgan’s lucrative payments business, which earns about $20 billion annually. CFTC Chair Michael Selig defended the bill, saying Dimon misunderstood its intent and that it aims to protect investors and foster innovation. The debate highlights tensions between traditional banking interests and crypto advocates as Congress nears a legislative deadline before its August recess.
Ripple CEO Brad Garlinghouse criticized JPMorgan CEO Jamie Dimon for misrepresenting the Clarity Act, a bill aiming to set clear rules for the U.S. crypto market. Garlinghouse argued the bill would enhance regulatory clarity rather than reduce compli...
XRP recently triggered a TD Sequential buy signal on its 3-day chart, suggesting a short-term price rebound. However, large holders (whales) have sold about 60 million XRP in the past week, indicating weak support for a sustained rally. Prediction ma...
Cryptocurrency prices are fluctuating with Bitcoin trading around $62,984, showing a slight increase of 0.54%. Ethereum and Binance Coin also see modest gains, while some altcoins like Monero (XMR) and LAB experience significant jumps of 13.66% and 3...
Jay Clayton, known for leading the SEC's lawsuit against Ripple, has been nominated to become the next US Director of National Intelligence. His appointment follows a stalled nomination of a non-intelligence candidate and is supported by CIA Director...
Bitcoin held above $63,000 following cooler-than-expected inflation data, easing fears of aggressive Federal Reserve tightening and boosting crypto market sentiment. Ethereum, XRP, and Dogecoin also rose over 2.5%. Analyst Ali Martinez highlighted Bi...
