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)