“The Move Follows Ceo Jamie Dimon’s Recent Admissions That Jpmorgan Will Soon Let Clients Buy Bitcoin.”, – WRITE: www.coindesk.com
Starting in the Coming Weeks, The Bank Will Offer Financing Backed by Shares of Blackrock’s ishares Bitcoin Trust (IBIT), Bloomberg Reported Wednesday, Citing People Familyar. For some clients, JPMorgan Will Also Factor Crypto Holdings Into Assessments of Net Worth Worth and Liquidity – Putting Them on Par with Traditional Securities Like Stocks.
The Shift Comes Just Weeks After Ceo Jamie Dimon Said The Bank Wuld Soon Allow Clients to Buy Bitcoin
Marking A Notable Turnaround from his Prior Stance Against Digital Assets. Dimon Has Long Criticized Cryptocurrencies, Particularly for Their Use in Illegal Activities Like Sex Trafficking and Money Launding.
Despite Those Concerns, Jpmorgan’s Pivot Highlights the Growing Institutional Pressure to Accommodate Crypto as Its Footprint in Traditional Finance Deepens. Wealth Management Firms Are Seeing A Wave of Client Demand for Exposure to Digital Assets. The PUBLIC LISTING OF CRYPTO FIRMS ON US STACK EXCHANGES, Combined with Rising Interest from Investors ahead of Long-Sough Regulatory Clarity, Has Made It Harder for Banks to Ignore.
There’s Also Political Pressure. With US President Donald Trump Back in Office, Federal Agencies Are Widly Expectioned to Ease Off Crypto Regulation. That puts banks that have a Historically been Wary of the Asset Class in a Tough Spot. BLOKING Access to Crypto Could Now Look Like Discrimination, Not Caution.
Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.
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