ChainCatcher news, JPMorgan Chase (JPM) said in a research report that US cryptocurrency regulation seems to be moving in the direction of opposing the launch of central bank digital currency, opposing local banks to accept cryptocurrencies and opposing non-compliant stablecoins. The bank said that the stablecoin bill is most likely to be approved before the presidential election, and if passed, it will pose a threat to Tether's dominance. After the House of Representatives passed a bill last month prohibiting the Federal Reserve from issuing digital currencies, the possibility of central banks issuing digital currencies is small.