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JPMorgan Backs U.S. Crypto Bill, Senate Eyes August Deadline
JPMorgan urged Congress to pass clear digital asset legislation with robust safeguards, warning that without robust oversight, crypto innovation could create shadow-banking risks and undermine financial stability.
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coindesk.com
JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework
The bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act.
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cryptobriefing.com
JPMorgan warns stablecoin rewards could create shadow banking risks
JPMorgan supports the Digital Asset Market Clarity Act but warns stablecoin yield concerns and midterm elections could derail the crypto regulatory bill.
