JPMorgan Supports Crypto Rules, Warns Stablecoins Must Follow Banking Regulations

JPMorgan Chase has urged U.S. lawmakers to adopt a digital asset framework that strengthens regulatory oversight without introducing new risks.

The bank said technologies such as tokenization and programmable money could improve payment systems and cross-border transactions when backed by appropriate safeguards.

It also stressed that stablecoins with deposit-like features should be subject to the same capital, liquidity, consumer protection, and anti-money laundering standards as the traditional banking sector.

Source: JPMorgan Chase