JPMorgan's Move to Crypto Platform with JPMD

On June 19, 2025, JPMorgan Chase filed a trademark for JPMD for a crypto payment services platform, marking a significant expansion in the digital sector. This move aligns with the passage of the GENIUS Act by the US Senate on June 17, 2025, which establishes a regulatory framework for fully backed stablecoins. JPMorgan previously launched JPM Coin in 2019, a dollar-based stablecoin for instant payments, reflecting a decade-long shift towards banking on blockchain. The global trend is supported by Thailand's long-term crypto tax exemption (June 17, 2025) and Europe's MiCA (effective 2024) which mandates full reserves. Trump's pro-crypto Executive Order on January 23, 2025, encouraged US innovation. Criticism arose regarding systemic risks, but significant potential is evident. At 10:17 AM WIB, June 19, 2025, the market awaits the impact of this move.#JPMD $BTC