Jpmorgan Chase would have studied the loans supported by the crypto, signaling a potential change in the way American banks consider cryptographic assets.
The Financial Times reported on Tuesday, citing unidentified sources, that JPMorgan could begin to lend directly against cryptographic assets like Bitcoin (BTC) and Ether (ETH).
The FT indicated that this could happen by 2026, although the plans are subject to change.
The report follows a recent indication of JPMorgan that she is interested in stablecoins. During a call for results of July 15, the CEO of JPMorgan Chase, Jamie Dimon, said that they were planning to be involved in the stablecoins. He said that the bank would be involved in the asset class to “understand it” and “be good in this area”.
The comments came while his competitor Citigroup announced his intention to participate in the Stablecoin race. During a post-benefit call conference, CEO of Citigroup, Jane Fraser, said that the bank was planning to issue stable for payments.
Cointtelegraph contacted JPMorgan for comments but had not received an answer by publication.
JPMorgan CEO softens the position on the crypto
During the previous years, Dimon had expressed anti-drypto feelings. In 2017, he described Bitcoin as “fraud” at a company meeting, saying that he would dismiss any BTC merchant employee on the company’s accounts.
In 2018, Dimon criticized Crypto at an event, calling him a “scam” and saying that he was not interested in it.
In 2022, Dimon made more anti-Crypto remarks, calling for digital assets “decentralized Ponzi patterns”. Despite this, he positively commented on blockchain, decentralized finance (DEFI), smart contracts and “tokens that do something”.
According to the financial report Times, the unidentified source said that the previous anti-bitcoin comments of Dimon had alienated potential customers who had made their money via the crypto or who believed in the asset class.
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More recently, Dimon began to soften his comments on the crypto, saying that he would defend people’s rights to buy bitcoin.
On May 19, Dimon said they would authorize JPMorgan customers to buy BTC. However, the company said it would not relax cryptographic asset.
“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin,” said Dimon.
https://www.youtube.com/watch?v=alc2u0ynfca
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