The Ripple CEO said Dimon has dismissed the industry for a decade and argued JPMorgan wants a deeper moat around its payments business.
Ripple CEO Garlinghouse accused Jamie Dimon of misrepresenting the crypto industry, saying Dimon has been dismissing it for a decade. Garlinghouse said Dimon's claims about the Clarity Act were an "intentionally misrepresentation" and argued JPMorgan's motive is to "protect and dig a deeper moat" around its payments profits. The post offers a pointed exchange between two prominent industry figures but provides too little underlying detail about the remarks, the Clarity Act discussion, or any market or policy outcome to support a fuller reported article.