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Ripple CEO Fires Back at Jamie Dimon Over CLARITY Act Claims
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Ripple CEO Fires Back at Jamie Dimon Over CLARITY Act Claims

By Samuel —

Ripple CEO Brad Garlinghouse disputes Jamie Dimon’s CLARITY Act criticism as U.S. lawmakers weigh digital asset rules.

Ripple CEO Brad Garlinghouse has responded to JPMorgan Chase CEO Jamie Dimon’s criticism of the CLARITY Act. He made the comments during an appearance on Fox Business.

Garlinghouse said Dimon’s claims gave the wrong picture of the bill. He argued that the proposal does not weaken crypto compliance rules.

The debate comes as U.S. lawmakers continue talks on digital asset regulation. The CLARITY Act remains a key bill in that process.

The exchange also shows growing tension between Wall Street and the crypto industry. Banks remain cautious, while crypto firms are asking for clearer rules.

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Garlinghouse Challenges Anti-Crypto Claims

As Ledger Man reported, Ripple CEO Brad Garlinghouse is pushing back against anti-crypto narratives. He openly challenged criticism from major Wall Street figures, including Jamie Dimon.

The debate between traditional finance and digital assets is heating up. On Fox Business, Garlinghouse said Dimon misrepresented the CLARITY Act. He argued that the bill does not make illegal activity easier.

Garlinghouse said the proposed law maintains anti-money laundering and compliance standards. He also said clearer rules would help firms operate under federal oversight. Therefore, he framed the bill as a regulatory step, not a loophole.

He also suggested that large banks may prefer the current system. Garlinghouse said unclear rules can protect older financial firms from new competition. However, he said public policy should create fair rules for all market participants.

CLARITY Act Debate Shapes Crypto Policy

The CLARITY Act is aimed at setting clearer rules for digital assets in the United States. The bill would divide oversight between federal agencies based on token use. The SEC would handle securities-like tokens, while the CFTC would oversee commodity-like assets.

Supporters say the bill could reduce confusion for crypto firms, exchanges, and investors. They also say it could bring more activity into regulated U.S. markets. However, critics remain focused on stablecoin activity and possible market risks.

Dimon has often raised concerns about crypto and digital asset trading. His latest criticism added pressure to the bill as Congress reviewed it. Garlinghouse’s Fox Business comments showed Ripple’s support for a clearer legal framework.

The bill has advanced through parts of Congress but still faces political talks. Lawmakers continue to review market structure, enforcement, and consumer protection rules. As a result, its final path remains tied to negotiations in Washington.

Ripple Also Discusses XRPL Developer Tools

Garlinghouse also used the Fox Business appearance to discuss Ripple’s technology work. He referred to Ripple’s XRP Ledger AI Starter Kit. The toolkit is designed for developers building payment apps with AI agents.

The starter kit includes tools and documents for builders using XRPL. It supports automated payments for services, data, and digital tasks. These payments may use XRP or Ripple’s dollar-backed stablecoin, RLUSD.

Ripple has continued to expand its payments and stablecoin work. The company presents XRPL as a network for fast settlement. Meanwhile, regulatory clarity remains central to its U.S. market strategy.

XRP traders are also watching policy news and wider market signals. The token remains linked to crypto sentiment and regulatory updates. For now, the Fox Business interview keeps Ripple’s CLARITY Act position in market focus.

Samuel

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