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JPMorgan Urges Stablecoin Regulation Under the GENIUS Act

JPMorgan Urges Stablecoin Regulation Under the GENIUS Act

Published:
2026-01-15 11:09:02
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BTCCSquare news:

JPMorgan has escalated its warnings about yield-bearing stablecoins, framing them as a systemic risk to traditional banking. CFO Jeremy Barnum argues these crypto instruments create a shadow banking system that bypasses deposit safeguards while siphoning liquidity from regulated institutions.

The proposed GENIUS Act emerges as a potential regulatory framework to curb financial abuses. This legislative push signals growing institutional anxiety as crypto-native yield products gain traction—a confrontation that may redefine the boundaries between decentralized finance and traditional banking.

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