JPMorgan Endorses Digital Asset Clarity Act With Caution as Senate Targets August Recess JPMorgan threw its support behind the Digital Asset Market Clarity Act on June 29, 2026, according to a joint op-ed by Umar Farooq, global co-head of JPMorgan Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions. The bank urged Congress to pair regulatory clarity with durable safeguards, warning that gaps could create shadow-banking risks and undermine financial stability, officials said. “Regulatory clarity matters only if paired with durable safeguards,” Farooq and Muriungi wrote. “Clarity with gaps or loopholes can push activity into lightly supervised channels…
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