JPMorgan Executives Meet with US SEC to Discuss the On-Chain Transformation of Capital Markets
According to a report by Jinse Finance, Cointelegraph has revealed that senior executives from JPMorgan recently met with the U.S. Securities and Exchange Commission (SEC) cryptocurrency special unit to discuss digital asset regulation and the potential far-reaching impact of bringing capital markets on-chain. According to an SEC statement released on Tuesday, JPMorgan executives and the SEC exchanged views on “the implications of migrating existing capital market activities to public blockchains”—including which aspects of traditional models might change, and how companies can assess the risks and benefits brought by these changes. The two sides also discussed JPMorgan’s current business layout in the crypto sector, including the bank’s existing digital platform, which is currently used for processing repurchase agreements (a short-term financial market lending instrument) and is part of its “digital financing” and “digital debt services” product suite.
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