🚨JPMORGAN IS NOT AGAINST THE CLARITY ACT JPMorgan supports crypto regulation bill, but says crypto firms should not get easier rules than banks. The bank believes innovation is important, but not at the cost of financial stability. • Securities like tokens should follow securities laws. • Crypto exchanges should meet the same standards as traditional exchanges. • Stable coins can improve payments, but need bank level oversight if they act like deposits. • Yield bearing stable coins could increase the risk of bank run style withdrawals.
