‘NEGLIGENCE’: Ripple CEO BLASTS Jamie Dimon for crypto HYPOCRISY
📅 Jun 11, 2026Fox Business Clips9 MIN82248 VIEWS16 SEGMENTS · 4 SPEAKERS
Ripple CEO Brad Garlinghouse discusses the CLARITY Act, crypto markets, Ripple's new AI developer toolkit and what's next for XRP as investors watch key support levels on ‘Mornings with Maria.’ #foxbusiness #morningswithmaria
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What Brad Garlinghouse said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Brad Garlinghouse, CEO of Ripple, criticized Jamie Dimon's opposition to the Clarity Act, calling his comments either intentional misrepresentation or negligent. He argued Dimon is protecting JPMorgan's profitable payments business, which generates $20 billion in revenue and over $5 billion in profit. Garlinghouse dismissed the idea that Brian Armstrong represents the industry, saying he represents Coinbase. He noted that 90% of crypto trading is offshore, and the Clarity Act would bring certainty for CFOs and bank executives. He discussed Ripple's focus on enterprise clients, not consumers, and its multi-billion dollar run rate excluding XRP. On AI, he expressed caution about connecting AI agents to bank accounts, emphasizing the need for protections. He highlighted Ripple's stablecoin, launched 18 months ago, now top five in growth, and mentioned recent acquisitions, saying Ripple is focused on integrating them rather than new deals.
Key takeaways
Jamie Dimon's opposition to the Clarity Act is either intentional misrepresentation or negligent, according to Garlinghouse.
90% of crypto trading is offshore, and the Clarity Act would bring certainty for CFOs and bank executives.
Ripple has a multi-billion dollar run rate excluding XRP.
Ripple's stablecoin, launched 18 months ago, is already top five in growth.
Garlinghouse is cautious about connecting AI agents to bank accounts, citing risks.
Welcome back, Senate. Running out of time to get the Clarity Act passed before August recess. 16 legislative days away from recess at House. Lawmakers working to eliminate any bad actor provisions. Ethical issues. I spoke with Chairman of the CFTC Michael Selig. Called Jamie Dimon's comments to me a misreading of the bill. Watch.
This statute certainly won't her at requirements on changes with CFTC. That piece I think is a misreading of the statute. But of course there are entrenched treasurer fighting what administration believes in is competition. Innovation we believe in. Regulation we want to set clear rules of the road, make sure investors protected, customers protected, markets well-functioning. We also want innovation. If we don't have it here, it's not going away. It will go to China or go to some foreign country. We are going to miss out on that. America needs to lead. We need a clear status that sets the rules that is going to really allow our markets to continue to evolve as they've done.
Crypto this morning higher. Take a look. Bitcoin 62,727. Others fractionally higher. Bitcoin this morning higher but investors risk appetite decreasing as U.S. launched retaliation strikes against Iran. President Trump said moments ago U.S. is planning on take over Kharg Island in the Gulf in not too distant future. Joining me, CEO of Ripple Brad Garlinghouse. Back business. Good to see you.
Thank you very much for being here. Let me say Galaxy predicting 60% chance Clarity Act bill passes before August recess, lower than previous estimate. You heard what Jamie Dimon said to me. Not happy with Clarity Act. Doesn't like that crypto companies will be able to pay rewards. Going to fight it and continue fighting it. Doesn't believe Brian Armstrong at Coinbase is representing the industry. What is your take from Ripple's standpoint?
First, I think you have to recognize Jamie Dimon has been dismissing this industry for decades. Called it Ponzi people, Bitcoin a pet rock. If you look at JPMorgan, they generate $20 billion revenue from their payments business, over $5 billion profit. So I think Jamie Dimon also should be clear that he is trying to protect and dig a deeper moat for a business extremely profitable for them to maintain status quo. As much as we talk about whether or not Brian Armstrong is representing the industry, he is not. He is representing Coinbase. Going to look out for Coinbase's best interests at the end of the day. I think what Jamie Dimon did a disservice when he did that interview with you. I thought it was a great interview, but representing that there is this reduces compliance concerns or makes it easier to do bad things, that is just not true. It is either intentionally misrepresentation or negligent to make support for Clarity Act go away.
Okay, Brad. I mean this is a victory for Ripple, a victory for the crypto industry. How do you turn or convert regulatory victories when you are looking at a framework and you are looking at the regulation open up for the crypto industry? How do you turn that into financial adoption when you look at Main Street, when you look at potential consumers?
90% of crypto trading is offshore, not in the United States. That isn't protecting U.S. consumers. We want to have protections by adopting frameworks so more happens domestically. That's a positive step. Ripple is focused on enterprise. We serve banks, payment providers, serve prime brokers, customers, corporates. Not focused on consumers. When Clarity Act gets passed, that is certainty in laws for CFOs, bank executives to lean in. Now might be nervous a future Chair Gensler was attacking industry. Could rekindle some attacking. The Clarity Act puts that to bed. As Tim Scott said earlier today, it allows the United States to lead in an industry where we have been lagging because we haven't had clarity. The industry wants clarity and wants regulation. And when you have Jamie Dimon representing somehow we are trying to circumvent regulation, nothing could be further from the truth.
Um-hum. Ripple launching an AI starter kit for XRP, curator tools to allow applications to make payments on company ledger. That is a big deal. Congrats on the launch. Tell us more about this.
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Garlinghouse, B. (2026, June 11). ‘NEGLIGENCE’: Ripple CEO BLASTS Jamie Dimon for crypto HYPOCRISY [Interview transcript]. Fox Business Clips. CEOInterviews.AI. https://ceointerviews.ai/interview/978332/
MLA
Brad Garlinghouse. "‘NEGLIGENCE’: Ripple CEO BLASTS Jamie Dimon for crypto HYPOCRISY." Fox Business Clips, 11 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/978332/.
BibTeX
@misc{garlinghouse2026_978332,
author = {Brad Garlinghouse},
title = {‘NEGLIGENCE’: Ripple CEO BLASTS Jamie Dimon for crypto HYPOCRISY},
howpublished = {Interview transcript, Fox Business Clips. CEOInterviews.AI},
year = {2026},
month = {jun},
url = {https://ceointerviews.ai/interview/978332/},
note = {Speaker-attributed transcript with timestamps}
}
