JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework
CoinDesk·
60-second summary
JPMorgan is supporting the U.S. crypto bill, the Clarity Act, by urging Congress to pair regulatory clarity with necessary safeguards. The bank is cautioning lawmakers to address the risks associated with a digital asset framework. This warning suggests that JPMorgan is advocating for a balanced approach to crypto regulation, aiming to mitigate potential pitfalls.
The bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act.