#CryptoClarityAct JPMorgan Chase is reportedly considering letting customers borrow cash using their Bitcoin and Ethereum as collateral.

This would mark a major shift for the banking giant, especially given CEO Jamie Dimon’s past criticism of crypto. 🪨 He once called Bitcoin a “pet rock,” but in 2024 he changed his tone, stating that people should have the right to invest in it — even if he personally wouldn’t recommend it.

🔐 If launched, JPMorgan will likely partner with a third-party custodian to manage crypto assets in case of loan defaults. This move comes as institutional interest in crypto grows and demand for integrated financial products rises.

📊 The bank is also cracking down on fintechs like PayPal, Venmo, and Coinbase — now charging them for access to customers' banking data that was previously free.