JPMorgan Questions Viability of US Crypto Reserve, Cites Issues With Smaller Tokens

Benzinga

03-07

A senior JPMorgan Chase & Co JPM strategist voiced doubts about the feasibility of establishing a U.S. strategic cryptocurrency reserve, pegging its chances of approval at below 50% and raising concerns about including tokens such as XRP XRP/USD, Solana SOL/USD and Cardano ADA/USD.

Nikolaos Panigirtzoglou, who oversees global market strategy at the bank, shared this perspective with The Block, noting that legislative support remains uncertain.

President Donald Trump's recent suggestion to incorporate these digital assets alongside Bitcoin BTC/USD and Ethereum ETH/USD triggered a short-lived market upswing, but skepticism soon emerged over the plan's practicality.

In a detailed analysis released midweek, JPMorgan highlighted the initial excitement in crypto markets following Trump's proposal, which extended beyond major currencies to include less prominent ones.

Panigirtzoglou pointed out potential pitfalls, explaining that adding smaller cryptocurrencies could heighten instability and risk, making their inclusion challenging.

Also Read: Vladimir Putin Said ‘Nobody Can Ban Bitcoin,’ But Russia Isn’t Looking To Follow Donald Trump’s Push For A Crypto Reserve – Benzinga

He stressed that the focus would likely stay on Bitcoin and Ethereum due to their established profiles, a stance reflected in the report's findings.

The document also referenced prior setbacks at the state level, where efforts to create Bitcoin reserves in states such as Montana, North Dakota, South Dakota and Wyoming faltered, with officials citing unpredictable price swings as a major hurdle.

Internationally, central banks have shown similar reservations, with Switzerland and Poland dismissing Bitcoin for reserve purposes and Singapore opting against cryptocurrencies in its investment portfolio.

The report further noted criticism from the European Central Bank, underscoring a global wariness among financial authorities about adopting digital currencies as official holdings.

Read Next: • Michael Saylor Hints US Will Buy 1 Million Bitcoin For Strategic Reserve

Photo: Shutterstock

$ADACardano

$0.8910-8.55%

Overview

$BTCBitcoin

$88680.34-2.13%

$ETHEthereum

$2205.12-1.63%

$SOLSolana

$143.75-1.74%

$XRPRipple

$2.583.15%

JPMJPMorgan Chase & Co

$246.48-2.01%

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itemtype=\"https://schema.org/Article\"><div><p>A senior <strong>JPMorgan Chase & Co </strong><span>JPM</span> strategist voiced doubts about the feasibility of establishing a U.S. strategic cryptocurrency reserve, pegging its chances of approval at below 50% and raising concerns about including tokens such as <strong>XRP </strong><span>XRP/USD</span>, <strong>Solana </strong><span>SOL/USD</span> and <strong>Cardano </strong><span>ADA/USD</span>.</p>\n<p><strong>Nikolaos Panigirtzoglou</strong>, who oversees global market strategy at the bank, shared this perspective with The Block, noting that legislative support remains uncertain.</p>\n<p>President <strong>Donald Trump</strong>'s recent suggestion to incorporate these digital assets alongside <strong>Bitcoin </strong><span>BTC/USD</span> and <strong>Ethereum </strong><span>ETH/USD</span> triggered a short-lived market upswing, but skepticism soon emerged over the plan's practicality.</p>\n<p>In a detailed analysis released midweek, JPMorgan highlighted the initial excitement in crypto markets following Trump's proposal, which extended beyond major currencies to include less prominent ones. </p>\n<p>Panigirtzoglou pointed out potential pitfalls, explaining that adding smaller cryptocurrencies could heighten instability and risk, making their inclusion challenging. </p>\n<p><strong>Also Read: Vladimir Putin Said ‘Nobody Can Ban Bitcoin,’ But Russia Isn’t Looking To Follow Donald Trump’s Push For A Crypto Reserve – Benzinga</strong></p>\n<p>He stressed that the focus would likely stay on Bitcoin and Ethereum due to their established profiles, a stance reflected in the report's findings.</p>\n<p>The document also referenced prior setbacks at the state level, where efforts to create Bitcoin reserves in states such as Montana, North Dakota, South Dakota and Wyoming faltered, with officials citing unpredictable price swings as a major hurdle.</p>\n<p>Internationally, central banks have shown similar reservations, with Switzerland and Poland dismissing Bitcoin for reserve purposes and Singapore opting against cryptocurrencies in its investment portfolio.</p>\n<p>The report further noted criticism from the European Central Bank, underscoring a global wariness among financial authorities about adopting digital currencies as official holdings.</p>\n<p><strong>Read Next:      • Michael Saylor Hints US Will Buy 1 Million Bitcoin For Strategic Reserve</strong></p>\n<p><em>Photo: Shutterstock</em></p> </div><div><div><div><div><div><div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" 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https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_SOL/mark_vector_light__12a687bef5ded21ad42805971d3a27af.svg?x-bz-cred=sb~RXtoj6ffPFZQPZtega43VULJ5RG3suUjbt5TRGbvwZDbgiPqmIVUZGz_ksk6Jo2G53cG-POyOZoXGmozpI0I649sn86t7pr0w3J3WREyioeNJ7XlM5tqG60AtJnXMYajQ3n2CClGw-YJ8rIW98pUQJOXa1qj&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=SOL%2FUSD&x-bz-signature=76d844192ccbe03d57563ff2fb403d2e6d91eaabbdc326c76451b1ac5559df00 2x\"/></noscript></span></div><div><div><span>$SOL</span><span>Solana</span></div><div><div><span>$143.75</span><span>-1.74%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_XRP/mark_vector_light__d64b24851a50333cf78784a0ca96e6ae.svg?x-bz-cred=sb~yZ6IRnu0Vf1yFkZP8J-2aRpArWiSb29XLSfN47qK_4MMgyZsvZEmGnF7b8hHLdiQiVcQ63uR-aZvVsHZgu_CCMtiHZEkQ2rVC779zSxv3qIpNyuTbfRCuiZ6WGWXHvmkeYcICwkVEC4EE7jGc88t1ZyZanqp&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=XRP%2FUSD&x-bz-signature=01245120d5b25ed06724390b0568a2de70b79b1d670b8cae339db952447964cc\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_XRP/mark_vector_light__d64b24851a50333cf78784a0ca96e6ae.svg?x-bz-cred=sb~yZ6IRnu0Vf1yFkZP8J-2aRpArWiSb29XLSfN47qK_4MMgyZsvZEmGnF7b8hHLdiQiVcQ63uR-aZvVsHZgu_CCMtiHZEkQ2rVC779zSxv3qIpNyuTbfRCuiZ6WGWXHvmkeYcICwkVEC4EE7jGc88t1ZyZanqp&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=XRP%2FUSD&x-bz-signature=01245120d5b25ed06724390b0568a2de70b79b1d670b8cae339db952447964cc 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_XRP/mark_vector_light__d64b24851a50333cf78784a0ca96e6ae.svg?x-bz-cred=sb~yZ6IRnu0Vf1yFkZP8J-2aRpArWiSb29XLSfN47qK_4MMgyZsvZEmGnF7b8hHLdiQiVcQ63uR-aZvVsHZgu_CCMtiHZEkQ2rVC779zSxv3qIpNyuTbfRCuiZ6WGWXHvmkeYcICwkVEC4EE7jGc88t1ZyZanqp&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=XRP%2FUSD&x-bz-signature=01245120d5b25ed06724390b0568a2de70b79b1d670b8cae339db952447964cc 2x\"/></noscript></span></div><div><div><span>$XRP</span><span>Ripple</span></div><div><div><span>$2.58</span><span>3.15%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/19617/mark_vector_light__41de723297ff474d97aeea6de99628e1.svg?x-bz-cred=sb~t5PvwQU_fhPoIN5BbMcsyQOK-VD2kv1ZTRRlE4pAnMVeTSSgDeVahNRr4vuMrfOFXGTgeFIhrA0gW2ZQap2QKZFdlyDQr6181v4mfqCxN4e8v6ENnQ8rC1MPOs7Lq2apq_gAjTPql8xgW5LrYNOrLnRLGl9_&x-bz-exp=1741372517&x-bz-security-isin=US46625H1005&x-bz-security-symbol=JPM&x-bz-signature=e5eb28997042ecfe1abe156f62438c325436b9c09d2e0bc6451730668f35f436\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/19617/mark_vector_light__41de723297ff474d97aeea6de99628e1.svg?x-bz-cred=sb~t5PvwQU_fhPoIN5BbMcsyQOK-VD2kv1ZTRRlE4pAnMVeTSSgDeVahNRr4vuMrfOFXGTgeFIhrA0gW2ZQap2QKZFdlyDQr6181v4mfqCxN4e8v6ENnQ8rC1MPOs7Lq2apq_gAjTPql8xgW5LrYNOrLnRLGl9_&x-bz-exp=1741372517&x-bz-security-isin=US46625H1005&x-bz-security-symbol=JPM&x-bz-signature=e5eb28997042ecfe1abe156f62438c325436b9c09d2e0bc6451730668f35f436 1x, https://image-util.benzinga.com/api/v2/logos/file/image/19617/mark_vector_light__41de723297ff474d97aeea6de99628e1.svg?x-bz-cred=sb~t5PvwQU_fhPoIN5BbMcsyQOK-VD2kv1ZTRRlE4pAnMVeTSSgDeVahNRr4vuMrfOFXGTgeFIhrA0gW2ZQap2QKZFdlyDQr6181v4mfqCxN4e8v6ENnQ8rC1MPOs7Lq2apq_gAjTPql8xgW5LrYNOrLnRLGl9_&x-bz-exp=1741372517&x-bz-security-isin=US46625H1005&x-bz-security-symbol=JPM&x-bz-signature=e5eb28997042ecfe1abe156f62438c325436b9c09d2e0bc6451730668f35f436 2x\"/></noscript></span></div><div><div><span>JPM</span><span>JPMorgan Chase & Co</span></div><div><div><span>$246.48</span><span>-2.01%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div></div></div></div></div></div><div></div>Market News and Data brought to you by Benzinga APIs<p>© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>JPMorgan Questions Viability of US Crypto Reserve, Cites Issues With Smaller Tokens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px 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class=\"title\">\nJPMorgan Questions Viability of US Crypto Reserve, Cites Issues With Smaller Tokens\n</h2>\n<h4 class=\"meta\">\n</h4><p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2025-03-07 02:29</span>\n</p>\n</header>\n<article>\n<div itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https://schema.org/Article\"><div><p>A senior <strong>JPMorgan Chase & Co </strong><span>JPM</span> strategist voiced doubts about the feasibility of establishing a U.S. strategic cryptocurrency reserve, pegging its chances of approval at below 50% and raising concerns about including tokens such as <strong>XRP </strong><span>XRP/USD</span>, <strong>Solana </strong><span>SOL/USD</span> and <strong>Cardano </strong><span>ADA/USD</span>.</p>\n<p><strong>Nikolaos Panigirtzoglou</strong>, who oversees global market strategy at the bank, shared this perspective with The Block, noting that legislative support remains uncertain.</p>\n<p>President <strong>Donald Trump</strong>'s recent suggestion to incorporate these digital assets alongside <strong>Bitcoin </strong><span>BTC/USD</span> and <strong>Ethereum </strong><span>ETH/USD</span> triggered a short-lived market upswing, but skepticism soon emerged over the plan's practicality.</p>\n<p>In a detailed analysis released midweek, JPMorgan highlighted the initial excitement in crypto markets following Trump's proposal, which extended beyond major currencies to include less prominent ones. </p>\n<p>Panigirtzoglou pointed out potential pitfalls, explaining that adding smaller cryptocurrencies could heighten instability and risk, making their inclusion challenging. </p>\n<p><strong>Also Read: Vladimir Putin Said ‘Nobody Can Ban Bitcoin,’ But Russia Isn’t Looking To Follow Donald Trump’s Push For A Crypto Reserve – Benzinga</strong></p>\n<p>He stressed that the focus would likely stay on Bitcoin and Ethereum due to their established profiles, a stance reflected in the report's findings.</p>\n<p>The document also referenced prior setbacks at the state level, where efforts to create Bitcoin reserves in states such as Montana, North Dakota, South Dakota and Wyoming faltered, with officials citing unpredictable price swings as a major hurdle.</p>\n<p>Internationally, central banks have shown similar reservations, with Switzerland and Poland dismissing Bitcoin for reserve purposes and Singapore opting against cryptocurrencies in its investment portfolio.</p>\n<p>The report further noted criticism from the European Central Bank, underscoring a global wariness among financial authorities about adopting digital currencies as official holdings.</p>\n<p><strong>Read Next:      • Michael Saylor Hints US Will Buy 1 Million Bitcoin For Strategic Reserve</strong></p>\n<p><em>Photo: Shutterstock</em></p> </div><div><div><div><div><div><div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/composite_auto_image/A?background_color=%23333333&fill_color=%23FFFFFF&height=60&max_width=&width=60&x-bz-cred=sb~o-CSyBd_rHMzDVwEhmAjNw3WJK105awKNylfd2DHQ10EvdIms71tR8_3CikbGPYxkcodeO1--DSIFhU8Uk6__kE6zfWNQ3HcWB53HIHCDOa-LH27J8suOiFklzJm1EhqL-VzKHa2dhuExMrmtxZEc_ZdQKBX&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=ADA%2FUSD&x-bz-signature=0a47ba870c378b896fa8ca4884da9c82e71533057f60babb90bc72ee36a9b4de\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/composite_auto_image/A?background_color=%23333333&fill_color=%23FFFFFF&height=60&max_width=&width=60&x-bz-cred=sb~o-CSyBd_rHMzDVwEhmAjNw3WJK105awKNylfd2DHQ10EvdIms71tR8_3CikbGPYxkcodeO1--DSIFhU8Uk6__kE6zfWNQ3HcWB53HIHCDOa-LH27J8suOiFklzJm1EhqL-VzKHa2dhuExMrmtxZEc_ZdQKBX&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=ADA%2FUSD&x-bz-signature=0a47ba870c378b896fa8ca4884da9c82e71533057f60babb90bc72ee36a9b4de 1x, https://image-util.benzinga.com/api/v2/logos/file/composite_auto_image/A?background_color=%23333333&fill_color=%23FFFFFF&height=60&max_width=&width=60&x-bz-cred=sb~o-CSyBd_rHMzDVwEhmAjNw3WJK105awKNylfd2DHQ10EvdIms71tR8_3CikbGPYxkcodeO1--DSIFhU8Uk6__kE6zfWNQ3HcWB53HIHCDOa-LH27J8suOiFklzJm1EhqL-VzKHa2dhuExMrmtxZEc_ZdQKBX&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=ADA%2FUSD&x-bz-signature=0a47ba870c378b896fa8ca4884da9c82e71533057f60babb90bc72ee36a9b4de 2x\"/></noscript></span></div><div><div><span>$ADA</span><span>Cardano</span></div><div><div><span>$0.8910</span><span>-8.55%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div></div><div><div><div></div></div></div></div></div></div><div>Overview</div><div><div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~RgYTek4DmTsQAbezKMevnhQg-NY0VKz3D9rIMZ_2O5KraksfDWvokJ67bzIz9ijQ-VtPnDiMT7Iwd90_WI472BplRcnp0ZHcP3x-TmnjQIBUNuFuuvX9WXQtorfiiQ1LAQSJJ9t4SOyeSiytdb58NY19lMMm&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=BTC%2FUSD&x-bz-signature=f35ad668649300590baa1e480292e176093056de92378205718aa07d1b9db222\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~RgYTek4DmTsQAbezKMevnhQg-NY0VKz3D9rIMZ_2O5KraksfDWvokJ67bzIz9ijQ-VtPnDiMT7Iwd90_WI472BplRcnp0ZHcP3x-TmnjQIBUNuFuuvX9WXQtorfiiQ1LAQSJJ9t4SOyeSiytdb58NY19lMMm&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=BTC%2FUSD&x-bz-signature=f35ad668649300590baa1e480292e176093056de92378205718aa07d1b9db222 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~RgYTek4DmTsQAbezKMevnhQg-NY0VKz3D9rIMZ_2O5KraksfDWvokJ67bzIz9ijQ-VtPnDiMT7Iwd90_WI472BplRcnp0ZHcP3x-TmnjQIBUNuFuuvX9WXQtorfiiQ1LAQSJJ9t4SOyeSiytdb58NY19lMMm&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=BTC%2FUSD&x-bz-signature=f35ad668649300590baa1e480292e176093056de92378205718aa07d1b9db222 2x\"/></noscript></span></div><div><div><span>$BTC</span><span>Bitcoin</span></div><div><div><span>$88680.34</span><span>-2.13%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_ETH/mark_vector_light__ad773ac9ac76e406821a6dfeaa8e7776.svg?x-bz-cred=sb~SodwOHaZ2ZLqOO--wouP7hnQ4LJxqc4JynJ0N-L5cWpKC5Q1FmXKbUEWhKpgHhn32iELW8_j1ebN5fbrABIx2CVuKfbb5NW4kiwc5bCq5osUXD2O1i0cBO1S18NQoCtk8x7W9L0k9HKsG0KXub5hQWR_HcNo&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=ETH%2FUSD&x-bz-signature=d8ce59e6edfc441a56206fd685ebc9e5a655435ed4c40d8ded56127a014bf885\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_ETH/mark_vector_light__ad773ac9ac76e406821a6dfeaa8e7776.svg?x-bz-cred=sb~SodwOHaZ2ZLqOO--wouP7hnQ4LJxqc4JynJ0N-L5cWpKC5Q1FmXKbUEWhKpgHhn32iELW8_j1ebN5fbrABIx2CVuKfbb5NW4kiwc5bCq5osUXD2O1i0cBO1S18NQoCtk8x7W9L0k9HKsG0KXub5hQWR_HcNo&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=ETH%2FUSD&x-bz-signature=d8ce59e6edfc441a56206fd685ebc9e5a655435ed4c40d8ded56127a014bf885 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_ETH/mark_vector_light__ad773ac9ac76e406821a6dfeaa8e7776.svg?x-bz-cred=sb~SodwOHaZ2ZLqOO--wouP7hnQ4LJxqc4JynJ0N-L5cWpKC5Q1FmXKbUEWhKpgHhn32iELW8_j1ebN5fbrABIx2CVuKfbb5NW4kiwc5bCq5osUXD2O1i0cBO1S18NQoCtk8x7W9L0k9HKsG0KXub5hQWR_HcNo&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=ETH%2FUSD&x-bz-signature=d8ce59e6edfc441a56206fd685ebc9e5a655435ed4c40d8ded56127a014bf885 2x\"/></noscript></span></div><div><div><span>$ETH</span><span>Ethereum</span></div><div><div><span>$2205.12</span><span>-1.63%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_SOL/mark_vector_light__12a687bef5ded21ad42805971d3a27af.svg?x-bz-cred=sb~RXtoj6ffPFZQPZtega43VULJ5RG3suUjbt5TRGbvwZDbgiPqmIVUZGz_ksk6Jo2G53cG-POyOZoXGmozpI0I649sn86t7pr0w3J3WREyioeNJ7XlM5tqG60AtJnXMYajQ3n2CClGw-YJ8rIW98pUQJOXa1qj&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=SOL%2FUSD&x-bz-signature=76d844192ccbe03d57563ff2fb403d2e6d91eaabbdc326c76451b1ac5559df00\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_SOL/mark_vector_light__12a687bef5ded21ad42805971d3a27af.svg?x-bz-cred=sb~RXtoj6ffPFZQPZtega43VULJ5RG3suUjbt5TRGbvwZDbgiPqmIVUZGz_ksk6Jo2G53cG-POyOZoXGmozpI0I649sn86t7pr0w3J3WREyioeNJ7XlM5tqG60AtJnXMYajQ3n2CClGw-YJ8rIW98pUQJOXa1qj&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=SOL%2FUSD&x-bz-signature=76d844192ccbe03d57563ff2fb403d2e6d91eaabbdc326c76451b1ac5559df00 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_SOL/mark_vector_light__12a687bef5ded21ad42805971d3a27af.svg?x-bz-cred=sb~RXtoj6ffPFZQPZtega43VULJ5RG3suUjbt5TRGbvwZDbgiPqmIVUZGz_ksk6Jo2G53cG-POyOZoXGmozpI0I649sn86t7pr0w3J3WREyioeNJ7XlM5tqG60AtJnXMYajQ3n2CClGw-YJ8rIW98pUQJOXa1qj&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=SOL%2FUSD&x-bz-signature=76d844192ccbe03d57563ff2fb403d2e6d91eaabbdc326c76451b1ac5559df00 2x\"/></noscript></span></div><div><div><span>$SOL</span><span>Solana</span></div><div><div><span>$143.75</span><span>-1.74%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_XRP/mark_vector_light__d64b24851a50333cf78784a0ca96e6ae.svg?x-bz-cred=sb~yZ6IRnu0Vf1yFkZP8J-2aRpArWiSb29XLSfN47qK_4MMgyZsvZEmGnF7b8hHLdiQiVcQ63uR-aZvVsHZgu_CCMtiHZEkQ2rVC779zSxv3qIpNyuTbfRCuiZ6WGWXHvmkeYcICwkVEC4EE7jGc88t1ZyZanqp&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=XRP%2FUSD&x-bz-signature=01245120d5b25ed06724390b0568a2de70b79b1d670b8cae339db952447964cc\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_XRP/mark_vector_light__d64b24851a50333cf78784a0ca96e6ae.svg?x-bz-cred=sb~yZ6IRnu0Vf1yFkZP8J-2aRpArWiSb29XLSfN47qK_4MMgyZsvZEmGnF7b8hHLdiQiVcQ63uR-aZvVsHZgu_CCMtiHZEkQ2rVC779zSxv3qIpNyuTbfRCuiZ6WGWXHvmkeYcICwkVEC4EE7jGc88t1ZyZanqp&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=XRP%2FUSD&x-bz-signature=01245120d5b25ed06724390b0568a2de70b79b1d670b8cae339db952447964cc 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_XRP/mark_vector_light__d64b24851a50333cf78784a0ca96e6ae.svg?x-bz-cred=sb~yZ6IRnu0Vf1yFkZP8J-2aRpArWiSb29XLSfN47qK_4MMgyZsvZEmGnF7b8hHLdiQiVcQ63uR-aZvVsHZgu_CCMtiHZEkQ2rVC779zSxv3qIpNyuTbfRCuiZ6WGWXHvmkeYcICwkVEC4EE7jGc88t1ZyZanqp&x-bz-exp=1741372517&x-bz-security-isin=&x-bz-security-symbol=XRP%2FUSD&x-bz-signature=01245120d5b25ed06724390b0568a2de70b79b1d670b8cae339db952447964cc 2x\"/></noscript></span></div><div><div><span>$XRP</span><span>Ripple</span></div><div><div><span>$2.58</span><span>3.15%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/19617/mark_vector_light__41de723297ff474d97aeea6de99628e1.svg?x-bz-cred=sb~t5PvwQU_fhPoIN5BbMcsyQOK-VD2kv1ZTRRlE4pAnMVeTSSgDeVahNRr4vuMrfOFXGTgeFIhrA0gW2ZQap2QKZFdlyDQr6181v4mfqCxN4e8v6ENnQ8rC1MPOs7Lq2apq_gAjTPql8xgW5LrYNOrLnRLGl9_&x-bz-exp=1741372517&x-bz-security-isin=US46625H1005&x-bz-security-symbol=JPM&x-bz-signature=e5eb28997042ecfe1abe156f62438c325436b9c09d2e0bc6451730668f35f436\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/19617/mark_vector_light__41de723297ff474d97aeea6de99628e1.svg?x-bz-cred=sb~t5PvwQU_fhPoIN5BbMcsyQOK-VD2kv1ZTRRlE4pAnMVeTSSgDeVahNRr4vuMrfOFXGTgeFIhrA0gW2ZQap2QKZFdlyDQr6181v4mfqCxN4e8v6ENnQ8rC1MPOs7Lq2apq_gAjTPql8xgW5LrYNOrLnRLGl9_&x-bz-exp=1741372517&x-bz-security-isin=US46625H1005&x-bz-security-symbol=JPM&x-bz-signature=e5eb28997042ecfe1abe156f62438c325436b9c09d2e0bc6451730668f35f436 1x, https://image-util.benzinga.com/api/v2/logos/file/image/19617/mark_vector_light__41de723297ff474d97aeea6de99628e1.svg?x-bz-cred=sb~t5PvwQU_fhPoIN5BbMcsyQOK-VD2kv1ZTRRlE4pAnMVeTSSgDeVahNRr4vuMrfOFXGTgeFIhrA0gW2ZQap2QKZFdlyDQr6181v4mfqCxN4e8v6ENnQ8rC1MPOs7Lq2apq_gAjTPql8xgW5LrYNOrLnRLGl9_&x-bz-exp=1741372517&x-bz-security-isin=US46625H1005&x-bz-security-symbol=JPM&x-bz-signature=e5eb28997042ecfe1abe156f62438c325436b9c09d2e0bc6451730668f35f436 2x\"/></noscript></span></div><div><div><span>JPM</span><span>JPMorgan Chase & Co</span></div><div><div><span>$246.48</span><span>-2.01%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div></div></div></div></div></div><div></div>Market News and Data brought to you by Benzinga APIs<p>© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://www.benzinga.com/news/global/25/03/44174606/jpmorgan-questions-viability-of-us-crypto-reserve-cites-issues-with-smaller-tokens\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"紅杉資本持倉","start_time":0,"source_url":"https://www.benzinga.com/news/global/25/03/44174606/jpmorgan-questions-viability-of-us-crypto-reserve-cites-issues-with-smaller-tokens","article_id":"2517190214","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/03/06/GameStop-Themed-Crypto-Rallies-50-After-.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517190214","pubTimestamp":1741285766,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"A senior JPMorgan Chase &amp; Co (NASDAQ:JPM) strategist voiced doubts about the feasibility of establishing a U.S.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","LU2237443622.USD":"Aberdeen Standard SICAV I - 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Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}