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JPMorgan (JPM) Defends Moat as CEO Jamie Dimon Vows to Fight Crypto CLARITY Act

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The Story

News Summary

  • Ripple CEO Brad Garlinghouse criticized JPMorgan CEO Jamie Dimon for opposing the CLARITY Act.
  • Garlinghouse claims JPMorgan's opposition is a defensive move to protect its highly profitable legacy payments business from blockchain-based competitors, while Dimon vows to fight the proposed cryptocurrency regulatory framework.
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JPM price history

345.45 +11.90% over the displayed period

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