- Main event: SEC discusses blockchain with JPMorgan executives.
- Proposal to migrate capital markets to blockchain.
- No immediate public funding disclosed.
JPMorgan conducted discussions with the SEC about the migration of capital markets activity onto the blockchain. The meeting focused on analyzing potential changes and assessing the risk and benefit of these regulatory shifts.
The talks involve key figures like Scott Lucas and Justin Cohen from JPMorgan. There was an emphasis on using specific JPMorgan platforms such as Digital Financing and Digital Debt Services.
Markets and institutions might adjust to new blockchain usage, affecting assets such as Ether, Bitcoin, and stablecoins. There are potential shifts in asset settlements and trading frameworks.
JPMorgan’s active exploration of digital asset services indicates potential changes across financial landscapes. Future regulation and adoption decisions might influence cryptocurrency liquidity.
Ongoing shifts in market infrastructure suggest regulatory developments could either stimulate or hinder digital asset adoption. This meeting reflects a growing institutional interest in bringing traditional finance to public blockchains, affecting asset management dynamics.
Scott Lucas, Head of Markets for Digital Assets at JPMorgan Chase, said, “On June 17, 2025, Crypto Task Force Staff met with representatives from JPMorgan Chase & Co. The topic discussed was approaches to addressing issues related to the regulation of crypto assets.”
