JPMorgan executives called on US policymakers to adopt a measured regulatory framework for digital assets that balances innovation with robust safeguards, according to a report on Monday.

JPMorgan executives back crypto regulation

JPMorgan’s Global Co-Head of Payments, Umar Farooq and CEO of Digital Assets and Blockchain Solutions, Peter Muriungi, stated that digital assets are becoming an increasingly important part of the global financial system.

They pointed to tokenization and programmable money as technologies capable of reducing payment friction, shortening settlement times and enabling round-the-clock global commerce.

Despite recognizing the industry’s potential, the executives cautioned that innovation should not outpace regulation….