---
title: >-
  JPMorgan Backs U.S. Crypto Bill, But Puts a Warning Label Front and Center as
  Senate Eyes August Deadline
url: >-
  https://www.cryptocatalyst.news/articles/2026-06-29-jpmorgan-supports-us-crypto-bill-but-warns-of-financial-risks
canonical: >-
  https://www.cryptocatalyst.news/articles/2026-06-29-jpmorgan-supports-us-crypto-bill-but-warns-of-financial-risks
date: '2026-06-29T21:31:52.475269+00:00'
category: policy
tags:
  - crypto
  - regulation
  - jpmorgan
  - senate
  - financial-stability
source: Bitcoin Magazine
source_url: 'https://bitcoinmagazine.com/news/jpmorgan-backs-u-s-crypto-bill'
publisher: CryptoCatalyst
summary: >-
  JPMorgan urged Congress to pass clear digital asset legislation with robust
  safeguards, warning that without robust oversight, crypto innovation could
  create shadow-banking risks and undermine financial stability. The Senate is
  aiming to pass legislation by August.
image: >-
  https://www.cryptocatalyst.news/images/articles/2026-06-29-jpmorgan-supports-us-crypto-bill-but-warns-of-financial-risks.webp
generated_by: automated editorial pipeline
---
# JPMorgan Backs U.S. Crypto Bill, But Puts a Warning Label Front and Center as Senate Eyes August Deadline

JPMorgan urged Congress to pass clear digital asset legislation with robust safeguards, warning that without robust oversight, crypto innovation could create shadow-banking risks and undermine financial stability. The Senate is aiming to pass legislation by August.

JPMorgan has expressed support for a U.S. crypto bill currently under consideration, but the bank has also issued a stern warning. In a recent statement, JPMorgan urged Congress to pass clear digital asset legislation with robust safeguards, emphasizing that without proper oversight, crypto innovation could create shadow-banking risks and undermine financial stability. The bank's stance comes as the Senate is eyeing an August deadline to pass comprehensive crypto legislation. JPMorgan's support is notable given its historical skepticism towards cryptocurrencies. The bank's warning highlights the delicate balance between fostering innovation and ensuring financial stability. As the Senate moves forward with the crypto bill, stakeholders should watch for any amendments that could impact the crypto market.

## Source

This article is a summary of reporting by [Bitcoin Magazine](https://bitcoinmagazine.com/news/jpmorgan-backs-u-s-crypto-bill), written by an automated editorial pipeline. See https://www.cryptocatalyst.news/editorial-policy.

## How to cite

CryptoCatalyst.news, "JPMorgan Backs U.S. Crypto Bill, But Puts a Warning Label Front and Center as Senate Eyes August Deadline", 2026-06-29, https://www.cryptocatalyst.news/articles/2026-06-29-jpmorgan-supports-us-crypto-bill-but-warns-of-financial-risks