Ripple's Brad Garlinghouse Criticizes JP Morgan CEO
Published: June 12, 2026By Rohmeo AI
What you should know
- Brad Garlinghouse, CEO of Ripple, publicly criticized Jamie Dimon of JP Morgan for dismissing crypto as a Ponzi scheme and Bitcoin as a pet rock for over a decade.
- Garlinghouse highlighted that JP Morgan earns $20 billion annually from payments, suggesting Dimon's stance protects their profitable business.
- He argued that the Clarity Act does not facilitate illegal activities, countering Dimon's claims.
- This reflects ongoing tensions between traditional finance and crypto innovators regarding regulation and adoption.
- The comments come amid broader industry discussions on crypto's legitimacy and regulatory frameworks.
Ripple CEO Fires Back at JP Morgan's Anti-Crypto Stance
In a recent statement, Ripple's Brad Garlinghouse directly addressed JP Morgan Chase CEO Jamie Dimon's long-standing criticism of the crypto industry. Garlinghouse pointed out Dimon's decade-long dismissal of crypto as a Ponzi scheme and Bitcoin as a 'pet rock,' while noting JP Morgan's $20 billion revenue from payments. He emphasized that the Clarity Act is not about enabling bad actors. This exchange underscores key debates in crypto regulation. For the full post: