gtag('config', 'G-0PFHD683JR');
Bitcoin

JPMorgan plans to allow financing against investment funds circulating in encryption: Report

JPMorgan, the largest bank in the United States through assets, plans to provide trading and wealth clients option to use asset associated coding as a guarantee of loans, According to To the June 4 report from Bloomberg.

The bank has been appointed to allow funding against the codes circulating (ETFS) in some weeks. JPMorgan will start with Ishares Bitcoin Trust, which, and that, which, which, which, which, which,,,, which,,, which,,, which, which,,, which, which,, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, which, and that, which, which, According to To Sosovalue.com, it is the largest group of Bitcoin (BTC) in the United States with $ 70.1 billion in net assets.

https://www.youtube.com/watch?

The bank will also consider customer holdings when evaluating the net value, and processing digital assets similar to traditional conditions when determining how much the customer can borrow against assets.

Jpmorgan is among the American banks that are betting on encryption initiatives for some of their customers. In 2020, JPM COIN, and the dollar stablecooin launched, and in 2024, the bank was informed of shares shares of various investment funds circulating in Bitcoin.

Jimmorgan CEO, Jimmy Damon, said in May that the bank will soon allow customers to buy bitcoin. Damon also repeated his doubts about the asset category, saying, and comparing the investment in BTC smoking:

“I don’t think you should smoke, but I defend your right to smoking. I defend your right to buy bitcoin.”

Related to: Coinbase is considering applying for a US banking license

The Trump administration reduces the regulations on banks in encryption

US President Donald Trump has reduced restrictions on banks and companies digital assets. In April 2025, the Federal Reserve pulled the directives that led to the inhibition of banks from engaging in encryption activities. In May, the US Financial Observer Office confirmed that banks can now deal with encryption assets for detained customers. In the same month, the Wall Street Journal reported that American banks are in early talks to launch Stablecoin.

The Trump administration has also announced the creation of a strategic bitcoin reserves and the stock of digital assets, and encourages the approval of Stablecoin legislation in the Senate.

magazine: X Hall of Flame, Benjamin Cowen: Bitcoin will be dominated in 2025