JPMorgan Chase CEO Jamie Dimon praised Revolut’s velocity this week however pledged to battle the crypto-friendly CLARITY Act, which fintechs and neobanks have closely leaned on.
The distinction captures a wider battle in finance. Dimon respects quick execution in banking, but opposes the foundations that permit crypto companies develop with fewer safeguards.
Jamie Dimon Admires the Neobank’s Tempo
Talking about Chase’s UK operation, Dimon supplied a blunt verdict on Revolut’s momentum as a British neobank’s.
“I’m jealous, rattling it. You watch these folks. They transfer,” Bloomberg reported, citing Dimon.
The envy has a foundation. In line with its 2025 report, Revolut grew income 46% to $6 billion and lifted pretax revenue 57% to $2.3 billion.
These features mirrored report annual revenue pushed partly by crypto and stablecoin volumes.
The agency now serves greater than 75 million clients and provides 1 million each 17 days.
If Revolut hits its $200 billion IPO goal, Nikolay Storonsky, CEO of Revolut, shall be richer than Ken Griffin and Steve Schwarzman mixed.
Comply with us on X to get the most recent information because it occurs
The Guidelines Dimon Needs to Battle
Days earlier than the Revolut remark, Dimon attacked Coinbase CEO Brian Armstrong and vowed banks would oppose the CLARITY Act.
“It will likely be fought. Don’t bow all the way down to this man or firm,” Dimon acknowledged in an interview with Fox Enterprise.
His objection facilities on yield. In line with Fortune, Dimon argues stablecoin issuers mustn’t pay deposit-like curiosity with out financial institution capital, liquidity, and client guidelines.
He warned the construction may ultimately fail. The dispute has stalled the invoice, with banks blocking the stablecoin deal over yield phrases.
Banking lobbies now need the stablecoin yield language tightened additional earlier than any Senate vote.
The place Crypto Matches for Revolut
Crypto stays a progress layer relatively than Revolut’s basis. Its wealth unit, which incorporates crypto, rose 31% to $876 million in 2025.
Eleven product strains every topped $135 million, so card charges and curiosity revenue nonetheless anchor the enterprise.
Revolut additionally runs crypto by way of separate entities, not its core financial institution.
Past buying and selling, its bodily crypto card and wider crypto wealth push hold customers engaged. That steadiness is why a standard banker can envy the app whereas resisting looser crypto guidelines elsewhere.
The approaching Senate debate will check whether or not Dimon’s coalition reshapes the invoice, or whether or not fintech velocity retains outpacing the foundations.
The publish Jamie Dimon Says He’s ‘Jealous’ of Revolut, Then Assaults Crypto Reform appeared first on BeInCrypto.