1 month ago
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Key Takeaways
- JPMorgan generates $20 billion in payments revenue and over $5 billion in profit.
- Garlinghouse says 90% of crypto trading volume currently happens offshore.
- Ripple targets a billion-dollar revenue run rate by end of 2026, excluding XRP.
- RLUSD ranks among the top 10 stablecoins 18 months after launch.
Ripple CEO Brad Garlinghouse used a Fox Business interview on Mornings with Maria to accuse JPMorgan CEO Jamie Dimon of distorting pending crypto legislation to protect his bank’s most profitable franchise. The exchange turns a policy debate into something more pointed: a direct claim that the loudest institutional critic of the CLARITY Act has a $20 billion reason to oppose it.
A Moat Dressed as Analysis
Garlinghouse’s argument starts with JPMorgan’s balance sheet. The bank generates roughly $20 billion in revenue and more than $5 billion in profit from its payments business, the exact segment that low-cost blockchain settlement is built to compress. Dimon, Garli...
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