Jamie Dimon Says He is ‘Jealous’ of Revolut, Then Attacks Crypto Reform

JPMorgan CEO Jamie Dimon praised Revolut’s speed but vowed to fight the crypto-friendly CLARITY Act, arguing that yield-bearing stablecoins that pay deposit-like interest without bank capital, liquidity and consumer protections could destabilize banks. Revolut’s strong 2025 results—revenue up 46% to $6.0 billion and pretax profit up 57% to $2.3 billion—underscore how fintechs and neobanks are leveraging crypto and stablecoin offerings to drive growth. Banks are lobbying to tighten the bill’s stablecoin yield language and have stalled the legislation, a dynamic that could slow broader adoption of yield-bearing stablecoin products and shape regulatory risk for crypto markets. The dispute between incumbent banks and fintechs (and exchanges such as Coinbase) creates regulatory uncertainty that may weigh on crypto-sector innovation and stablecoin issuance ahead of a Senate debate.