Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
JPMorgan: US cryptocurrency regulation is targeting CBDCs and non-compliant stablecoins

JPMorgan: US cryptocurrency regulation is targeting CBDCs and non-compliant stablecoins

CointimeCointime2024/06/06 14:04
By:Cointime

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.

0
0

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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00

Hold USDGO for dual perks, earn up to 30%+ APR!

Bitget Announcement2026/09/01 02:00