JPMorgan Chase & Co., which manages roughly $4 trillion in assets, held talks on 17 June with the U.S. Securities and Exchange Commission’s crypto task force, according to multiple industry reports. The discussions focused on how moving traditional capital-markets activity onto public blockchain networks could affect market structure, settlement, custody and regulatory compliance. JPMorgan, already active in several private-blockchain pilots, sought regulatory guidance on potential risks and operational changes if public ledgers are adopted more broadly. The meeting underscores the growing engagement of major Wall Street firms with digital-asset technology as regulators weigh how existing rules apply to blockchain-based trading and clearing.
🇺🇸 $4 trillion JPMorgan meets SEC crypto task force to discuss "impact of capital markets moving to public blockchains." 👀 https://t.co/aRcIpXyKHy
Whoa!! Not a surprise at this point but after all the private blockchain projects JPM checking with regulators for guideline on how capital markets on public blockchains will impact means they’re gearing up for a seeming change in market structure. https://t.co/Fr6Pydy4A4
JUST IN: 🇺🇸 $4 trillion JPMorgan has met with the SEC’s crypto task force to discuss the impact of traditional capital markets transitioning to public blockchains. https://t.co/WXHLJaQCTl