JPMorgan said it is backing efforts to establish a U.S. regulatory framework for digital assets, but placed as much emphasis on the risks of crypto as the opportunities. In a Monday blog post published by Umar Farooq, global co-head of JP Morgan Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions, the bank argued that pending market structure legislation could help the industry mature — but only if it closes regulatory gaps rather than creating new ones.