The JPMorgan Chase has been reported looking for crypto-supported loans, which has signed a potential transition to how US banks consider crypto assets.
The financial times reported On Tuesday, citing anonymous resources, JPMorgan could start directly against crypto assets such as Bitcoin (Btc) and ether (Eth).
FT reports that this may happen by 2026, even if the plans will change.
The report followed a recent indication of JPMorgan as it was Interested in stablecoins. In a July 15 call, JPMorgan Chase CEO Jamie Dimon said they plan to join the Stablecoins. He said the bank was involved in the class of possession to “understand it” and “be great here.”
The comments came as its competitor announced Citigroup the plans to enter the Stablecoin career. In a conference call of post-earnings, CEO of CITIGROUP Jane Fraser said the bank is considering the release of a stablecoin for payments.
Cointelegraph reached JPMorgan for comments but did not receive a response through publication.
JPMorgan CEO softens the bearing in crypto
In recent years, Dimon has expressed anti-crypto sentiment. In 2017 he called Bitcoin a “fraud” during a company meeting, saying he would Fire any employee trading btc to the company’s accounts.
In 2018, Dimon criticized the crypto at an event, called it “scam” and he says is no interest in it.
In 2022, Dimon made more anti-crypto comments, calling for digital assets “Ponzi’s decentralized schemes.” Despite this, he commented positively to blockchainDecentralized Finance (DEFI), wise contracts and “tokens that do.”
According to a Financial Times report, the unidentified source said that Dimon’s previous anti-Bitcoin comments continued with potential clients to make their money through crypto or long-term believers in the asset class.
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Most recently, Dimon began to soften his Crypto comments, saying he would defend the rights of people to buy Bitcoin.
On May 19, Dimon said they would Allow JPMorgan clients to buy BTC. However, the company said it would not take care of the crypto asset.
“I don’t think you should smoke, but I’m defending your right to smoke. I’m defending your right to buy Bitcoin,” Dimon said.
https://www.youtube.com/watch?v=Alc2u0ynfca
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