JPMorgan: Back Crypto Rules, But Don’t Let Stablecoins Sidestep Bank Regulations JPMorgan Chase backed a U.S. framework for digital assets but warned that new rules should close regulatory gaps rather than create new risks. The bank said tokenization and programmable money could improve payments and cross-border transfers if paired with proper safeguards. It also argued that stablecoins resembling bank deposits should not operate outside capital, liquidity and consumer protection rules, and urged lawmakers to preserve anti-money laundering and enforcement tools.
