JPMorgan CEO Jamie Dimon says he believes in stablecoins and blockchain: CNBC Crypto World

Market Trends & Regulatory Landscape - Bitcoin initially slid but crossed back above $118,000, while Ether traded at $3,786 and Solana fell nearly 1% to $177 [2] - JP Morgan Chase CEO Jamie Diamond expressed support for stable coins and blockchain technology, despite skepticism towards Bitcoin [5][6] - The White House released a crypto policy framework signaling increasing government support for responsible crypto innovation [8] - The White House crypto report emphasizes the importance of digital assets for US economic competitiveness and global leadership, urging agencies and Congress to act quickly [9][10] - The report highlights the need for clear regulatory frameworks for digital assets, similar to those in the EU, UK, Japan, and Singapore [10] - The Genius Act marks a watershed moment for stable coins and digital payments, encouraging continued adoption and reinforcing the strength of the global dollar system [13][14] Company Performance & Strategy - Robin Hood reported $989 million in revenue, exceeding the $98 million expected, and earnings per share of 42 cents compared to the 31 cents expected, but crypto trading revenue missed estimates at $160 million versus $168 million expected [3] - Robin Hood's CEO Vlad Tennv believes crypto trading will become the infrastructure layer behind real-world assets [4] - JP Morgan Chase partnered with Coinbase to link Chase customer accounts to Coinbase wallets [5] Regulatory Recommendations - The White House crypto report recommends specifying actors within the decentralized finance (DeFi) ecosystem that should have obligations tied to anti-money laundering (AML) and combating the financing of terrorism [15] - The report suggests different regulatory obligations for base layer protocols versus DeFi front-end interfaces [17] - The report recommends Congress give the CFTC spot market authority over digital commodities like Bitcoin and Ether [24]