JPMorgan Chase Meets With Crypto Task Force to Discuss Regulation of Digital Assets
One of many world’s main monetary providers corporations has met with the U.S. Securities and Change Fee’s (SEC) Crypto Job Power to debate the laws of digital belongings.
Based on a latest memo, three members of JPMorgan Chase met with the regulator to speak about shifting present conventional capital markets on-chain and the banking large’s enterprise footprint within the crypto business.
Says the memo.
“On June 17, Crypto Job Power Workers met with representatives from JPMorgan Chase. The subject mentioned was approaches to addressing points associated to regulation of crypto belongings…
Agenda:
- Overview of present enterprise footprint, together with Repo on present JPMC platforms of Digital Financing and Digital Debt Companies. Extra dialogue on the potential aggressive angle as markets evolve.
- Space of research reviewing the potential affect of present capital markets exercise migrating to public blockchain. Particularly what areas of the prevailing mannequin may change, and the way corporations may assess the chance and advantages of these modifications.
- Future engagement with the Job Power.”
Earlier this week, JPMorgan Chase filed for a trademark to launch JMPD, its very personal crypto service supplier and deposit token. Within the submitting, the financial institution mentioned it might present buying and selling, trade, switch, and fee processing providers for digital belongings in addition to situation them.
Walmart, Amazon, and different company giants are additionally reportedly considering beginning their very own stablecoins as a method of streamlining funds and avoiding credit score charges.
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