Uploaded July 2026 | Updated September 2026, 3 weeks ago
Bank lobby groups are pushing for lighter rules on crypto than the ones they live under for stocks. To understand why regulators are alarmed, you need to see how tight the current cage actually is.
Go to skool.com/coinpicksgenesis or tap the link in my bio and see exactly how we're taking advantage of news like this, for a dollar.
After Gramm Leach Bliley and especially after the crash, Congress pushed the biggest banks to reorganize under a financial holding company, a corporate umbrella. On one side sits JPMorgan Chase Bank, holding your deposits, checking, savings, payroll. On the other side, completely separate, sits JPMorgan Securities LLC, the entity that deals in stocks, underwriting, and market making. Sections 23A and 23B of the Federal Reserve Act wall them off from each other. That's what's left of Glass Steagall.
And even the trading entity is on a short leash. Under the Volcker Rule, when JPMorgan Securities makes markets in a stock like Tesla, it can't just buy a million shares because it thinks the price will go up. Inventory has to be calibrated to reasonably expected near term customer demand. Tiny spreads, no directional bets, outside the bank, regulated by the SEC and FINRA.
That's the baseline for stocks. Now the same industry wants crypto rules looser than that.
Follow so you catch the next move before the headlines do.
Bank lobby groups are pushing for lighter rules on crypto than the ones they live under for stocks. To understand why regulators are alarmed, you need to see how tight the current cage actually is.
Go to skool.com/coinpicksgenesis or tap the link in my bio and see exactly how we're taking advantage of news like this, for a dollar.
After Gramm Leach Bliley and especially after the crash, Congress pushed the biggest banks to reorganize under a financial holding company, a corporate umbrella. On one side sits JPMorgan Chase Bank, holding your deposits, checking, savings, payroll. On the other side, completely separate, sits JPMorgan Securities LLC, the entity that deals in stocks, underwriting, and market making. Sections 23A and 23B of the Federal Reserve Act wall them off from each other. That's what's left of Glass Steagall.
And even the trading entity is on a short leash. Under the Volcker Rule, when JPMorgan Securities makes markets in a stock like Tesla, it can't just buy a million shares because it thinks the price will go up. Inventory has to be calibrated to reasonably expected near term customer demand. Tiny spreads, no directional bets, outside the bank, regulated by the SEC and FINRA.
That's the baseline for stocks. Now the same industry wants crypto rules looser than that.
Follow so you catch the next move before the headlines do.
