JP Morgan meets with the SEC to discuss on-chain capital markets and regulations

Officials from JPMorgan Chase, the largest bank in the U.S., met with the Securities and Exchange Commission's (SEC) cryptocurrency task force to discuss how capital markets will move on-chain.
The SEC discussed the possibility of the transition to Onchain and the resulting regulatory direction.
"We discussed what aspects of the existing market structure may change and what impacts may occur if the blockchain is transferred to a public blockchain," he said.
"We discussed together how we can assess the risks and benefits associated with the digital platform," he said.
The platform processes repo contracts, which are short-term borrowing transactions, on a blockchain basis, and this is considered to be a key aspect of "digital finance" and "digital
The JP Morgan executive who met with the SEC cryptocurrency group on this day was Scott LUCAS.
Lucas, Justin Cohen, Aaron Iovine
Scott LUCAS is head of digital asset markets, Justin Cohen is global head of equity derivatives product development, and Iovine is head of digital asset markets.
Both hold the title of Managing Director at JPMorgan. Aaron Iovine serves as Global Head of Digital Asset Regulatory Policy.
The meeting came on the heels of JPMorgan announcing a trial of a deposit token called “JPMD.”
The JPMD will be issued on Base, Coinbase's blockchain, and after the trial period ends, Coinbase institutional investors will be able to use it to trade.
The trial period is expected to last for several months. JPMorgan also filed for a trademark on JPMD the previous day, which includes digital asset trading, remittances and payment processing.
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