Jpmorgan explores bitcoin, loans supported by Ethereum in the transformation of Jimmy Damon 180 degrees star-news.press/wp
The largest bank in the world is exploring the Bitcoin and ETHEREUM, against CRYPTO’s customers. From the leader of Jimmy Damon calls Bitcoin to “fraud” to benefit now from the assets category of loan tools, the bank took a full turn of 180 degrees. This axis comes amid the strong institutional demand for the highest BTC, ETH coding assets in recent months.
Bitcoin from Jpmorgan and ETHEREUM loans supported to live soon
The latest report of Financial timesHe pointed out that the largest global bank can start providing Bitcoin loans, which are supported by ETHEREUM early in 2026. However, informed sources also stated that lending plans against encryption assets are subject to change. This axis comes shortly after the start of the market structure law, also known as Clarity Act, last week, thus providing clear encryption regulations.
Moreover, the best familiarity with traditional banking and financial institutions acquires with major asset managers such as Blackrock, FIDELITY who offer major investment products.
A source familiar with the matter said that Damon’s early statements on Bitcoin, including threatening to launch any dealer in it, led to the loss of business by alienating potential customers. With the growth of institutional condemnation in encryption, jpmorgan has no choice but the axis. Recently, banking chief Jimmy Damon has also diluted his tone on encryption. In May, Damon said:
“I don’t think you should smoke, but I defend your right to smoking. I defend your right to buy bitcoin. Go to it.”
Embrace digital assets amid the turning of the White House
With feelings of feelings in Washington, more banks are escalating to encryption. The White House will issue the encryption policy report on July 22, with expectations from the Trump administration to bring the lighter organizational supervision of President Biden’s approach.
According to Morgan Stanley, it was taught to provide encryption trading via the e**. JPMorgan has already started achieving ways in this sector, with plans to present lending against holdings in the coding funds (ETFS).
Moreover, with the presence of Genius Stablecoin in its place, the bank led by Jimmy Damon explores Stablecoin offers to compete with current players such as Tether, Circle. Taking the next step, accepting the encryption assets itself as a guarantee, would represent a deeper commitment.
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Bushan Akolkar
BHUSHAN is a seasoned analogy with an eight -year experience in an extension of more than 10,000 contributions via multiple platforms such as Coingape, Coinspeaker, Bitcoinist, Crypto News Flash and others. Be enthusiastic about technology, he loves reports via encryption, Blockchain, Defi, and Global Macros with a severe understanding of financial markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills. BHUSHAN is a Bachelor’s degree in electronics engineering, however, his interest in financing and economy leads him to encryption and Blockchain.
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2025-07-22 05:21:00
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