{"id":9815,"date":"2026-06-12T10:57:14","date_gmt":"2026-06-12T10:57:14","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9815"},"modified":"2026-06-12T10:57:14","modified_gmt":"2026-06-12T10:57:14","slug":"ripples-garlinghouse-calls-out-jamie-dimon-over-crypto-clarity-act-criticism","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9815","title":{"rendered":"Ripple’s Garlinghouse Calls Out Jamie Dimon Over Crypto Clarity Act Criticism"},"content":{"rendered":"

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  • Garlinghouse accused Dimon of mischaracterising the CLARITY Act\u2019s compliance provisions and regulatory intent.<\/span><\/li>\n
  • A provision allowing stablecoin yield products has become a major flashpoint between banks and crypto firms.<\/span><\/li>\n
  • Ripple argues opposition from large banks reflects commercial interests as lawmakers move closer to establishing a crypto regulatory framework.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Ripple CEO Brad Garlinghouse has publicly challenged JPMorgan\u2019s Jamie Dimon over criticism of the CLARITY Act, saying the banking executive should be more transparent about the reasons behind his opposition to the legislation.<\/p>\n

    The comments followed Dimon\u2019s recent criticism of the bill, which seeks to establish clearer rules for the US digital asset industry. Dimon has argued that the proposal does not adequately address compliance concerns and could create risks relating to money laundering and other regulatory obligations.<\/p>\n

    Garlinghouse disagreed with that assessment, stating that the legislation does not reduce compliance requirements and that portraying it in that way is inaccurate. He argued that efforts to weaken support for the bill are based on a flawed interpretation of its provisions.<\/p>\n

    Related: JPMorgan: Bitcoin, Gold \u2018Debasement Trade\u2019 Losing Steam as ETF Outflows Rise<\/strong><\/p>\n

    Crypto Firms And Banks Clash Over Bill\u2019s Impact\u00a0<\/h2>\n

    A major point of contention is a section of the legislation that would allow crypto platforms to offer yields on stablecoin holdings. The provision has attracted opposition from banking groups, while some digital asset companies have argued it is an essential part of the bill.<\/p>\n

    Garlinghouse said JPMorgan\u2019s objections should be viewed in the context of the bank\u2019s financial interests. He highlighted the scale of JPMorgan\u2019s payments business, which he said produces around US$20 billion (AU$28.4 billion) in revenue and more than US$5 billion (AU$7.1 billion) in profit, arguing that the bank is motivated to preserve an existing advantage.<\/p>\n

    Garlinghouse also said the digital asset industry broadly supports clearer regulation and legal certainty. The CLARITY Act has already advanced through a Senate committee and remains under consideration as lawmakers debate the future framework for crypto regulation in the United States.<\/p>\n

    Related: Paradigm, Hyperliquid Urge Treasury to Ease Stablecoin AML Rules for DeFi<\/strong><\/p>\n<\/p><\/div>\n

    CLARITY Act,Ripple#Ripples #Garlinghouse #Calls #Jamie #Dimon #Crypto #Clarity #Act #Criticism1781261834<\/p>\n","protected":false},"excerpt":{"rendered":"

    Garlinghouse accused Dimon of mischaracterising the CLARITY Act\u2019s compliance provisions and regulatory intent. A provision allowing stablecoin yield products has become a major flashpoint between banks and crypto firms. Ripple argues opposition from large banks reflects commercial interests as lawmakers move closer to establishing a crypto regulatory framework. Ripple CEO Brad Garlinghouse has publicly challenged<\/p>\n","protected":false},"author":1,"featured_media":9816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[940,1539,939,4072,62,3026,4905,202,1041],"class_list":["post-9815","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-act","tag-calls","tag-clarity","tag-criticism","tag-crypto","tag-dimon","tag-garlinghouse","tag-jamie","tag-ripples"],"yoast_head":"\nRipple's Garlinghouse Calls Out Jamie Dimon Over Crypto Clarity Act Criticism - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9815\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple's Garlinghouse Calls Out Jamie Dimon Over Crypto Clarity Act Criticism\" \/>\n<meta property=\"og:description\" content=\"Garlinghouse accused Dimon of mischaracterising the CLARITY Act\u2019s compliance provisions and regulatory intent. A provision allowing stablecoin yield products has become a major flashpoint between banks and crypto firms. Ripple argues opposition from large banks reflects commercial interests as lawmakers move closer to establishing a crypto regulatory framework. 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