Why did Jamie Dimon praise Revolut?

Jamie Dimon praised Revolut for its rapid execution and growth, saying the fintech moves faster than many traditional banks. His comments came as Revolut continued expanding its customer base and product offerings across banking, investing and crypto services.

What did Jamie Dimon say about Revolut?

The JPMorgan Chase CEO said, “I’m jealous, damn it. You watch these people. They move.” The comment reflects Dimon’s admiration for Revolut’s speed and ability to scale despite competing with much larger financial institutions.

How well did Revolut perform in 2025?

Revolut reported revenue of $6 billion in 2025, representing 46% growth from the previous year. Pretax profit increased 57% to $2.3 billion, highlighting strong operational growth across several business segments.

How important is crypto to Revolut's business?

Crypto is a growing part of Revolut's wealth division, but it is not the company's primary revenue source. The wealth segment, which includes crypto products, generated $876 million in revenue during 2025, while card fees and interest income remained major contributors.

Why is Jamie Dimon opposing the CLARITY Act?

Dimon argues that stablecoin issuers should face similar regulatory requirements to banks if they offer products that resemble bank deposits. His concerns focus particularly on yield-bearing stablecoins that could compete with traditional savings products.

What is the CLARITY Act?

The CLARITY Act is proposed US legislation aimed at creating a clearer regulatory framework for digital assets and crypto companies. Supporters argue it would encourage innovation, while critics believe it may not provide sufficient safeguards.

Why are banks concerned about yield-bearing stablecoins?

Banks worry that stablecoins offering interest-like returns could attract deposits away from traditional financial institutions. Dimon argues that if stablecoin issuers provide yield, they should also meet bank-style capital, liquidity and consumer protection standards.

Is Jamie Dimon anti-crypto?

Dimon has long been critical of many aspects of the cryptocurrency industry, but his position is generally more focused on regulation and risk management than banning digital assets entirely. JPMorgan itself remains active in blockchain and digital payment technologies.

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Dimon praises Revolut growth and attacks crypto bill

Written by Heidi Cuthbert Published Jun 4, 2026, 3:27 AM

JPMorgan Chase Chief Executive Officer Jamie Dimon praised the growth and execution speed of digital banking platform Revolut while simultaneously criticising proposed US crypto legislation that could benefit stablecoin issuers and digital asset firms.

Speaking about JPMorgan's UK operations, Dimon acknowledged Revolut's rapid expansion, saying the fintech company had outpaced many traditional banking competitors through its ability to move quickly and launch products efficiently.

“I’m jealous, damn it. You watch these people. They move,”

Said JPMorgan Chase Chief Executive Officer, Jamie Dimon.

Revolut reported revenue of $6 billion in 2025, up 46% from the previous year, while pretax profit rose 57% to $2.3 billion as the company benefited from strong growth across multiple business lines, including crypto-related services.

“It will be fought. Don’t bow down to this guy or company,”

Dimon said, referring to support for the crypto-focused CLARITY Act and comments directed at Coinbase Chief Executive Officer Brian Armstrong.

Dimon argues that stablecoin issuers should not be permitted to offer yield-bearing products without complying with the same capital, liquidity and consumer protection requirements imposed on traditional banks.

The debate comes as lawmakers consider crypto market structure reforms and stablecoin legislation, with banking industry groups seeking tighter restrictions on stablecoin issuers before any final Senate vote.

Revolut now serves more than 75 million customers globally and continues expanding its crypto and wealth offerings, highlighting the growing competitive pressure fintech firms are placing on established financial institutions.