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@ tzongocu
2025-06-17 20:01:23
📰 News Alert...
🔖 Title: JP Morgan Sounds Alarm on Stablecoin Market "Overcrowding" Amid Regulatory Uncertainty
🗓️ Published: 2025-06-17T23:01:19+03:00
📄 Summary: JP Morgan has raised concerns over the rapidly growing stablecoin market, warning of potential "overcrowding" as many players flood the space. This caution comes while major banks remain on the sidelines, awaiting clearer regulatory guidance. Meanwhile, the GENIUS Act, a significant regulatory framework for digital assets, faces a critical Senate vote today that could shape the future of stablecoins in the United States. Industry watchers emphasize the importance of regulatory clarity to foster innovation while managing risks.
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https://decrypt.co/325571/jp-morgan-exec-wary-overcrowding-stablecoin-market
🗞️ Source: Stacy Elliott
💓 #Stablecoins #CryptoRegulation #DigitalAssets