JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of cryptocurrency exchange FTX. bitcoin
have been introduced in Congress to make the Commodity Futures Trading Commission the primary regulator of crypto assets.New regulatory initiatives are likely to emerge focusing on custody and protection of customers’ digital assets as in the traditional financial system.
Next, “New regulatory initiatives are likely to emerge focusing on unbundling of broker, trading, lending, clearing, and custody activities as in the traditional financial system,” the JPMorgan report adds, noting: Furthermore, “New regulatory initiatives are likely to emerge focusing on transparency mandating regular reporting and auditing of reserves, assets, and liabilities across major crypto entities,” the JPMorgan strategist detailed.
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