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JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play

JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play

2026-04-14

During the bank’s earnings call on Tuesday, JPMorgan CFO Jeremy Barnum warned that stablecoins could become a tool for regulatory arbitrage unless they are held to the same strict oversight and consumer protection standards as traditional bank deposits.

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