JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework

JPMorgan Chase supports US cryptocurrency regulation and states that stablecoins, similar to bank deposits, should not evade banking regulations. （Cointelegraph）

JPMorgan Chase stated that digital assets are entering the core of the US financial system. （Watcher.Guru）

The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger risk controls, growing institutional participation and a path toward lower borrowing costs.

【】 US Senator Lummis stated that the CLARITY Act is only the starting point, not the end point, of cryptocurrency regulation. （Cointelegraph）

The bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act.