JPMorgan Backs Crypto CLARITY Act, But Says Stronger Rules Are Still Needed

The post JPMorgan Backs Crypto CLARITY Act, But Says Stronger Rules Are Still Needed appeared first on Coinpedia Fintech News

JPMorgan has backed the U.S. CLARITY Act, saying clear crypto regulations are necessary for the industry to grow. However, the banking giant also warned that rushing legislation without proper safeguards could create new risks for both investors. In addition, this could harm the financial system. The comments come as lawmakers continue negotiating the bill ahead …