SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan

The moves are “creating more urgency for U.S. lawmakers to come up with a comprehensive regulatory framework by this year,” JPMorgan said.

Until this happens, crypto activity will likely continue to move outside the U.S. and into decentralized entities. Crypto venture capital funding will also likely remain subdued, the bank said.and other U.S. exchanges would have to register as brokers and most cryptocurrencies would be treated as securities, the note said.

While this could be more “onerous and costly” for the industry, it would bring some positives because crypto markets would be properly regulated and offer more transparency and investor protection, the note said.tokens that are alleged to be securities, creating an advantage for bitcoin and ether , the bank said.

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