JPMorgan filed a trademark application for the mark “JPMD,” covering trading, exchange, transfer, and payment services tied to virtual currency, digital tokens, and blockchain-enabled money. 

According to reports from June 16, the filing lists electronic fund transfers, real-time token trading, custody services, and secure online financial transactions. The document identifies JPMorgan Chase Bank, N.A., as the owner and cites the bank’s Columbus, Ohio, address.

The move comes after reports on May 23 that JPMorgan, Bank of America, Citigroup, and Wells Fargo are discussing a joint stablecoin initiative. 

Frax Finance founder Sam Kazemian confirmed the talks, indicating that discussions have advanced beyond early speculation. 

The reports noted that the banks want to compete directly with crypto-native issuers and view dollar-backed tokens as a strategic tool for providing instant liquidity and hedging market volatility.

The largest US banks would control issuance and settlement by working together while applying the compliance standards they already follow in traditional finance.

Digital asset pivot

Furthermore, the trademark application also follows JPMorgan’s decision to accept spot Bitcoin exchange-traded funds as collateral for loans. 

Reports from June 4 indicated that the program will begin with BlackRock’s iShares Bitcoin Trust (IBIT) and expand to include trading and wealth-management clients. 

The bank will also include digital asset holdings when calculating a client’s net worth, treating them alongside equities, vehicles, and fine art during credit reviews.

Taken together, the Bitcoin collateral program and the “JPMD” filing signal a wider opening toward crypto at the nation’s largest bank. 

While the bank has not announced a consumer-facing token, the trademark language mirrors the functions of a dollar-backed stablecoin.

Rising interest in stablecoins

The move comes amid heightened interest in stablecoins from legacy financial entities.

According to DefiLlama data, this crypto sector is at nearly $252 billion in size. In May alone, the largest eight stablecoins registered $4 trillion in transaction volume.

Last week, reports surfaced that the Bank of America and the world’s largest financial clearinghouse, the Depository Trust & Clearing Corporation (DTCC), are pursuing stablecoin initiatives, adding to the importance of these assets.

The JPMorgan filing, the multibank talks, and the new collateral program demonstrate that large financial institutions are continuing to integrate digital assets into their core lending and payment operations.

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ARK Invest CEO Cathie Wood says that Bitcoin (BTC) is likely to continue surging higher based on its performance against one red-hot commodity.

In a new YouTube update, Wood shares a Bitcoin-to-gold chart that she says is still in an uptrend, partially due to BTC’s “anti-fragile” nature in recent years.

“This uptrend has not been broken. Again, this aligns with the net bullish risk-on kind of market that we think we’re in, and I guess you could call the markets anti-fragile, which is a description used in Bitcoin. It’s been able to withstand all kinds of turmoil and we think that the markets, the equities markets, are following Bitcoin in this regard.”

Wood is also optimistic about the crypto industry given regulatory clarity from the Trump administration and what she believes is an incoming reconfiguration of the financial services space.

“We think this is a very powerful movement. We think the financial services sector is going to reconfigure completely in the next five to ten years, and that of course Bitcoin and now Circle and of course Coinbase as well. Robinhod, [and] others… SoFi is now moving back into crypto in a big way now that regulatory clarity is here. So, thank goodness for that.”

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In an April 10 court filing, both parties requested that the case be held in abeyance for 60 days, citing ongoing settlement discussions.

“An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter,” the filing stated.

Ripple CEO’s March Remarks Foreshadow Pause in SEC Case Proceedings

The pause in proceedings follows Ripple CEO Brad Garlinghouse’s recent remarks in March, suggesting the case was nearing its end.

The timing of the filing has fueled speculation that the SEC may be waiting for its incoming chair, Paul Atkins, to officially assume office before finalizing a settlement.

Ripple defense attorney James Filan confirmed that the abeyance request overrides the previous April 16 deadline for Ripple to respond to a brief the SEC filed in January.

“The settlement is awaiting commission approval. No brief will be filed on April 16,” Filan stated on X.

The SEC’s willingness to pause appeals has been interpreted by some legal commentators as a signal that the agency may be preparing to drop the case under new leadership.

One community member noted that a settlement led by Atkins would mark a “huge win” and potentially reset the SEC’s approach to crypto regulation.

Atkins was confirmed by the Senate as SEC Chair on April 9, but it remains uncertain when he will be officially sworn in.

For context, former SEC Chair Gary Gensler assumed office three days after his confirmation in 2021, suggesting Atkins could take over as soon as April 12.

The XRP case, which began in December 2020, has been one of the most closely watched legal battles in the crypto industry.

Trump-Era Shift Signals SEC Reassessment of Crypto Regulation

The SEC’s recent shift in tone under President Donald Trump reflects a broader effort to reevaluate the agency’s approach to digital assets.

SEC’s Mark Uyeda announced on April 5 that, in line with Trump’s deregulation agenda and guidance from the Department of Government Efficiency (DOGE) led by Elon Musk, the SEC is reviewing seven staff-issued statements—five of which concern cryptocurrencies.

Among those under review is a 2019 framework from the SEC’s FinHub that assessed when digital asset sales could qualify as investment contracts under the Howey test.

Other documents being reconsidered include statements from the Divisions of Investment Management, Corporation Finance, and Examinations, particularly those addressing risks tied to Bitcoin futures, crypto custody, and industry-wide bankruptcies during 2022.

As reported, the SEC announced new guidelines on April 4, stating that certain fiat-backed stablecoins will be classified as “non-securities,” thereby exempting them from transaction reporting requirements.

The post Ripple and SEC Request 60-Day Pause on Appeals, Hinting at Possible Settlement appeared first on Cryptonews.

Crypto analyst Jamie Coutts says that a breakdown in the US Dollar Index (DXY) could be hinting at coming rallies for Bitcoin (BTC).

In a new interview on the Less Noise More Signal YouTube Channel, Coutts shares a chart that shows the price of Bitcoin overlaid with large down moves – of at least 2.5% or more – in the DXY.

The DXY measures the strength of the USD against a basket of other major foreign currencies weighted by volume and often moves inversely to risk assets like Bitcoin.

According to Coutts, many of the large downward moves in DXY – like the one that happened in late March – have coincided with the beginning of BTC rallies.

“I’m just showing the Bitcoin chart and when these have occurred, which are the yellow icons. And so, on the eight occasions set, we’ve seen this play out 90 days later on all eight occasions – the Bitcoin [price] has been higher on average by about 30%, but anywhere by about 30% to 50% or 60%.

So if this was to play out and the lag between financial conditions and liquidity and asset prices plays out, then, really, we’re sort of looking at May as being a strong month for Bitcoin and potentially a retest of the all-time highs.”

At time of writing, Bitcoin is trading at $85,138, 21% below its all-time high.

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The original dog-themed memecoin is showing signs of a bullish reversal, says leading crypto analytics platform Santiment.

According to Santiment, Dogecoin (DOGE) is “signaling a potential turning point once crypto markets stabilize” as the number of wallets increases.

“Dogecoin, like most meme coins, has been hammered during the two-month crypto-wide retrace. However, we recommend keeping an eye on the rising level of wallets holding at least one million DOGE, which has recovered during the price dump. Active addresses are also at four-month highs.”

Santiment says that the number of Dogecoin wallets holding over one million DOGE has surged by over 1% since the start of February. In March, the largest memecoin by market cap has also recorded spikes in address activity, with the number rising to more than 150,000 active addresses per day severally.

Dogecoin is trading at $0.166 at time of writing, down by about 62% from the 2025 high of around $0.434.

Turning to development activity among the leading crypto projects, Santiment says there has been a decline in the number of contributors over the past month.

“And if we switch the perspective and zoom in to just the past one month, it’s a bit discouraging to see that every ecosystem in the top 10 has taken their foot off of the gas. Development activity events have declined across the board, with only Cosmos and Solana seeing a rise in contributors.”

Over the past six months, Santiment says the only ecosystem that has recorded a rise in the number of contributors is the layer-2 scaling solution Optimism (OP).

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