| Mobile Web

Search results for Jamie Dimon

Crypto

U.S. crypto Clarity Act clash pits Ripple CEO against JPMorgan\'s business model

Ripple CEO Brad Garlinghouse rebutted JPMorgan CEO Jamie Dimon over the U.S. Clarity Act, saying Dimon is distorting the bill and should be clearer about why he wants to keep the current system. The dispute focuses on a provision allowing platforms such as Coinbase to offer rewards to users who deposit stablecoins. Garlinghouse said JPMorgan opposes the bill to protect its existing business model. The bill has cleared a Senate committee vote but still needs final Senate approval.

Crypto

U.S. community banks launch campaign against Clarity bill over stablecoin rewards

The U.S. community banking industry has launched a public campaign against the Clarity bill, a crypto market-structure measure under discussion in the Senate. The Independent Community Bankers of America said allowing yields or rewards on stablecoin holdings could trigger $1.3 trillion in deposit outflows and cut loans by $850 billion. The Senate Banking Committee advanced the bill on May 15. Crypto industry groups rejected ICBA’s claims, while passage remains uncertain.

AI & Enterprise

JPMorgan pursues AI agents to work autonomously for 1 to 2 hours, expanding \'digital employees\'

JPMorgan Chase, the largest U.S. bank, is moving to deploy AI agents that can work autonomously for much longer periods than existing tools. An executive said the technology is shifting toward agents able to pursue goals for 1 to 2 hours. The bank expects security and governance issues to persist but sees such agents arriving in 2026. It also cited use in its wealth management unit, where revenue rose about 20 percent.