Ripple CEO Garlinghouse Calls Out JPMorgan's Dimon Over CLARITY Act Opposition

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According to a Fox Business interview on June 12, Ripple CEO Brad Garlinghouse criticized JPMorgan Chase CEO Jamie Dimon over his opposition to the Digital Asset Market Clarity Act, arguing that the banking executive's stance reflects an effort to protect JPMorgan's $20 billion annual payments business rather than genuine compliance concerns. Garlinghouse noted that approximately 90% of crypto trading currently occurs outside the U.S., suggesting that federal clarity would bring more digital asset activity under U.S. oversight. The CLARITY Act, intended to establish clearer federal rules for digital assets, faces a tight legislative calendar; Galaxy Digital estimates a 60% probability the bill will pass before August recess.
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