JPMorgan Supports US Crypto Bill, Urges Congress to Add Risk Safeguards

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JPMorgan has expressed support for proposed US cryptocurrency legislation currently being negotiated in the Senate. The bank is backing the Clarity Act, which aims to establish a clearer regulatory framework for digital assets. However, JPMorgan cautioned that regulatory clarity alone is not sufficient and must be accompanied by adequate risk protections. The bank urged Congress to pair any new crypto rules with safeguards to address potential risks within the digital asset space.

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