JPMorgan: US cryptocurrency regulation is targeting CBDCs and non-compliant stablecoins
JPMorgan (JPM) stated in a research report that US cryptocurrency regulations seem to be moving towards opposing the introduction of central bank digital currencies, opposing local banks accepting cryptocurrencies, and opposing non-compliant stablecoins. The bank stated that the stablecoin bill is most likely to be approved before the presidential election, and if passed, it will pose a threat to Tether's dominant position. After the House of Representatives passed a bill last month prohibiting the Federal Reserve from issuing digital currencies, the possibility of the central bank issuing digital currencies is low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
