JPMorgan Chase CEO Jamie Dimon expressed admiration for Revolut's speed and growth during a discussion about Chase's UK operations, calling the neobank's momentum enviable. Revolut reported 2025 revenue of $6 billion (up 46%) and pretax profit of $2.3 billion (up 57%), partly driven by crypto and stablecoin volumes. However, days earlier, Dimon publicly attacked Coinbase CEO Brian Armstrong and vowed banks would fight the CLARITY Act, which fintechs and neobanks rely on for lighter regulations. Dimon argues stablecoin issuers should not offer deposit-like interest without bank-level capital, liquidity, and consumer protections, warning the structure could fail. Banking lobbies are pushing to tighten yield language in the bill before a Senate vote. Revolut's crypto exposure is significant but not its core; its wealth unit (including crypto) grew 31% to $876 million in 2025, while card fees and interest income remain primary. The balance between traditional banking envy and regulatory opposition highlights a broader industry conflict. The upcoming Senate debate will determine whether Dimon's coalition reshapes the bill or fintech speed continues to outpace regulation.

Key facts

• Jamie Dimon praised Revolut's speed, calling its momentum enviable during a talk on Chase UK.
• Revolut's 2025 revenue grew 46% to $6 billion, with crypto volumes contributing.
• Dimon opposes the CLARITY Act, arguing stablecoins should follow bank-like rules.
• Banking lobbies seek to tighten stablecoin yield language before Senate vote.
• Revolut's wealth unit (including crypto) rose 31% to $876 million, but core income remains card fees and interest.

KeyAudit data perspective