Garlinghouse Slams Dimon Over 'Misrepresentation' of CLARITY Act

Ripple CEO Brad Garlinghouse is criticizing JPMorgan's Jamie Dimon for 'misrepresenting' the CLARITY Act, a proposed US crypto market framework.

The dispute has arrived at a pivotal moment for digital asset regulation and could shape institutional adoption in the months ahead.

Garlinghouse rejected recent criticism from Dimon, arguing that public opposition to the bill misrepresented its purpose.

The CLARITY Act is intended to strengthen legal certainty while supporting innovation and investor protection by clarifying responsibilities among financial agencies.

Garlinghouse emphasized that most digital asset trading now occurs outside the United States, increasing competitive pressure on domestic markets.