From Cointelegraph

June 17, 2025 8:15:00 pm:

JPMorgan Chase executives met with the SEC Crypto Task Force to discuss digital asset regulation and the impact of capital markets moving to blockchain. They also discussed JPMorgan’s current digital platform for repurchase agreements and potential competitive advantages in the crypto space.

Three JPMorgan executives, Scott Lucas, Justin Cohen, and Aaron Iovine, spoke with the SEC’s crypto group. Lucas is the head of markets for digital assets, Cohen is the global head of equity derivatives development, and Iovine is the global head of digital asset regulatory policy at JPMorgan.

JPMorgan announced a token deposit pilot program with the launch of JPMD on Coinbase’s blockchain Base. Coinbase’s institutional clients will be able to use JPMD for transactions once the pilot is completed over several months. Base is now the largest layer 2 blockchain by total value locked.

JPMorgan recently filed a trademark application for JPMD, outlining various crypto-related services including digital asset trading and payment processing. Speculation arose about JPMorgan issuing a stablecoin, but an executive at JPMorgan’s blockchain division stated that token deposits are a superior alternative for institutions due to their fractional reserve backing.

Read more at Cointelegraph: JPMorgan Meets With SEC On Capital Markets Moving Onchain