JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play
JPMorgan Chase Chief Financial Officer Jeremy Barnum said stablecoins may evolve into a form of regulatory arbitrage if new rules fail to align them with traditional banking standards. Speaking on the bank’s first-quarter earnings call on Tuesday, Barnum framed the debate less as a technology shift and more as a question of oversight. Some stablecoin…