Brad Garlinghouse has a message for Jamie Dimon: read the bill.
The Ripple CEO went after JPMorgan Chase’s chief executive on June 11 during an appearance on Fox Business, accusing Dimon of misrepresenting the Digital Asset Market Clarity Act’s anti-money laundering provisions. The accusation came just days after Dimon publicly criticized the legislation, claiming it fails to adequately address AML and Bank Secrecy Act protections.
What Dimon said, and what Garlinghouse says he got wrong
Dimon fired first. In a June 8 interview, the JPMorgan chief took aim at the CLARITY Act, arguing that it doesn’t do enough to protect against money laundering and BSA violations.
“The banks will not accept it that way,” Dimon said of the legislation.
