JPMorgan Backs U.S. Crypto Bill While Warning on Stablecoin Risks

JPMorgan executives backed federal digital asset legislation as the Senate races to advance the Digital Asset Market Clarity Act before its August recess. They warned that regulatory clarity must include safeguards for stablecoins, tokenization, DeFi, and anti-money laundering controls. JPMorgan also said its Kinexys blockchain payments platform now supports eight currencies.
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