White House Seeks Law Enforcement Input on CLARITY Act

The White House is seeking to speak with law enforcement organizations about their concerns regarding the CLARITY Act cryptocurrency legislation.

The bill aims to establish a framework for digital assets, but lawmakers remain divided on several key issues, including potential restrictions on President Donald Trump's ability to profit from digital assets and how to fill empty seats at regulatory agencies.

JPMorgan Chase has weighed in on the debate, with CEO Jamie Dimon stating that if crypto companies take deposits like a bank, they should be regulated like one. The company also recently announced its own blockchain business, Kinexys by J.P. Morgan, which offers a risk-managed and supervised digital asset capability.

Meanwhile, Synchrony has made several executive leadership changes, including the appointment of Carol Juel as the leader of its Digital platform. Juel brings a digital-first mindset and deep technology experience to her new role, according to Synchrony President and CEO Brian Doubles.