JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year in a significant deepening of Wall Street’s crypto integration.
The program, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar with the matter. It builds on JPMorgan’s earlier move to accept crypto-linked ETFs as collateral.
A JPMorgan spokesperson declined to comment.
The expansion underscores how quickly crypto is being pulled into the financial system’s core plumbing. With Bitcoin rallying this year and the Trump administration rolling back regulatory hurdles, major banks are starting to bring digital assets deeper into the lending system.
For JPMorgan, it’s both a symbolic shift and a functional one: the bank whose chief executive, Jamie Dimon, earlier dismissed Bitcoin as a “hyped-up fraud” or a “pet rock” is no longer treating crypto as a fringe bet. Instead, it will be pledged as security for a loan, the same way stocks, bonds, gold and other familiar assets are.
What could possibly go wrong??? 😕
Oh wow, what a fucking shocker that this would happen a week after Peter Thiel got the green light to open the first U.S. Cryptobank and Dimon has been trying to spread the narrative that the economy is in danger at every fucking opportunity to anyone who will listen to him…
Anyway, the day Charlie Kirk was murdered Scott Bessent was questioned about why he wouldn’t investigate JP Morgan bank records of transactions between Peter Thiel and Epstein.
Then Republicans in both the House and Senate blocked an attempt by Democrats to subpoena those records, but nobody even noticed bc everybody was paying attention to the assassination of the “martyr for free speech.”
Still waiting on those files, but Dimon claims he’ll release them as soon as he’s subpoenaed… So just waiting on the day Republicans agree to subpoena him, or the day that anyone notices that Republicans are literally the only reason why he hasn’t been suponead…
no
Something something too much credit debt great depression
https://www.youtube.com/shorts/sMTF45CWdIE
What if some shit head convinced everyone in America that AI was the inescapable next big thing, and that anyone not throwing all their money at it was going to end up like people who thought the Internet was just a transient fad?
I had a landlord who personally knew the Johnson brothers when he was a child, and he rode their steam boat on the Raritan River. The landlord told me what wonderful people the brothers were because just before the Great Depression, they went around New Brunswick telling all the “right” families how to invest so that they could control the money in town. Then, they used that capital and the rest of the town’s destitution to drive out all the minorities and undesirables.
This was one of the least racist or disturbing things I heard come from that man’s mouth.
It can only good happen.
It’s all computer!
I see absolutely nothing wrong about this! I’m sure everything will turn out great!
What could go wrong? 🤷♀️
dint the crash with SBF teach them anything, dont invest in something as volatile as crypto.
Got it, don’t invest with JP Morgan.
Why are they doing this this is a seriously stupid idea. “Will need some collateral for this mortgage, but don’t worry we’re perfectly prepared to take this completely unregulated highly fluctuating pseudo currency”. There’s a reason steam stopped accepting cryptocurrency and it’s because it’s unworkable.
They are just trying to find ways to make the economy faker
i should run a crypto scam
Dear jesus…
That Papa John’s pizza is getting more expensive by the day
The next financial collapse is gonna be titanic.
And thanks to the fact that they’ve now brought cryptocurrency into economic calculations, any financial crash will take down cryptocurrencies too. So the one thing that they kind of do actually have a use for, protecting financial assets from economic collapse, will be destroyed as well. Fantastic.
Everyone should probably just start investing in gold or something.
