Jamie Dimon · CLARITY Act · JPMorgan · Coinbase · Decrypt
Ripple CEO Takes Aim at JPMorgan's Jamie Dimon Over Clarity Act Crypto Bill Criticism
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Ripple CEO Brad Garlinghouse thinks JPMorgan boss Jamie Dimon should be clearer about his motives in dissing the Clarity Act, the pending legislation that would provide a regulatory framework for most of the crypto ecosystem in the United States.
Key facts
- Ripple CEO Brad Garlinghouse thinks JPMorgan boss Jamie Dimon should be clearer about his motives in dissing the Clarity Act, the pending legislation that would provide a regulatory framework
- What Jamie Dimon did a disservice around… is that he’s representing that this reduces compliance concerns, that it makes it easier to do bad things,” Garlinghouse said of Dimon’s comments to the Fox
- While Garlinghouse acknowledged that Armstrong is representing Coinbase, not the entire crypto industry, he noted that “the industry wants clarity, and wants regulation
- The bill passed an important Senate Committee vote last month and next will move on to the Senate floor for final approval
Summary
Ripple CEO Brad Garlinghouse spoke out about JPMorgan boss Jamie Dimon's Clarity Act criticism. Garlinghouse said Dimon should be clearer about the reasons he wants to maintain "the status quo. Dimon has previously spoken against stablecoin yields and recently said Coinbase founder Brian Armstrong is "full of shit. The Ripple head reacted to Dimon’s recent comments on the bill during an interview with Fox Business host Maria Bartiromo, the same reporter that Dimon spoke with at the end of May when the JPMorgan head took aim at Coinbase co-founder and CEO Brain Armstrong over his backing of the bill.