-
JPMorgan Warns Stablecoin Yields Could Stall Digital Asset Rules in Congress
JPMorgan Chase has supported a clearer U.S. framework for digital assets while warning that stablecoin issuers and decentralized platforms should not receive lighter treatment than regulated financial firms. In a Monday statement, Umar Farooq and Peter Muriungi said blockchain technology should not alter the way authorities judge the economic purpose of a financial product. The bank framed the Digital Asset Market Clarity Act as a possible catalyst for institutional crypto adoption. The executives argued that crypto rules should be based on substance rather than labels, with securities, payment instruments and ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From stocktwits.com | 8 hr ago
As Congress moves closer to establishing a regulatory framework for digital assets, JPMorgan executives are urging lawmakers not to confuse regulatory clarity with financial stability. In a policy post published Monday, senior executives at the bank warned that yield-bearing stablecoins offering bank-like returns without comparable capital, liquidity and ...
DOLLAR/YEN BRIEFLY SEES SHARP DROP LAST UP 0.25% AT 162.34 Just in | Market Speculation Surrounds Potential JPY Intervention
From financefeeds.com | 3 hr ago
More than 140 companies, including Visa, Stripe, Mastercard, BlackRock and Coinbase, have joined Open Standard to support Open USD, a new stablecoin designed to share most of the earnings from its reserves with participating businesses. The launch group brings together payment networks, banks, asset managers, technology firms and crypto companies. That mix ...
