JPMorgan Backs U.S. Crypto Bill but Warns on Rule Gaps

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JPMorgan backed U.S. legislation to create a digital asset regulatory framework, while warning that new rules must close existing gaps. Senior executives said crypto assets and platforms that function like securities, exchanges, or brokers should face traditional finance standards. The bank urged strong safeguards for stablecoins and tokenized deposits as Congress debates the Digital Asset Market Clarity Act.
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