On June 18, according to Cointelegraph, executives from JPMorgan recently met with the U.S. Securities and Exchange Commission (SEC) cryptocurrency special group to discuss the regulatory impacts of digital assets and the potential far-reaching effects of on-chain capital markets. According to an SEC statement released on Tuesday, JPMorgan executives communicated with the SEC about the “impact of migrating existing capital market activities to public Blockchain”—including areas that may change in traditional models and how companies assess the risks and rewards brought by these changes. Both parties also discussed JPMorgan’s current business layout in the crypto field, including the bank’s existing digital platform, which is currently used to handle repurchase agreements (a short-term financial market lending tool) and is part of its “digital financing” and “digital debt services” product system.
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JPMorgan executives meet with the SEC to discuss the on-chain process of the Capital Market.
On June 18, according to Cointelegraph, executives from JPMorgan recently met with the U.S. Securities and Exchange Commission (SEC) cryptocurrency special group to discuss the regulatory impacts of digital assets and the potential far-reaching effects of on-chain capital markets. According to an SEC statement released on Tuesday, JPMorgan executives communicated with the SEC about the “impact of migrating existing capital market activities to public Blockchain”—including areas that may change in traditional models and how companies assess the risks and rewards brought by these changes. Both parties also discussed JPMorgan’s current business layout in the crypto field, including the bank’s existing digital platform, which is currently used to handle repurchase agreements (a short-term financial market lending tool) and is part of its “digital financing” and “digital debt services” product system.