The current legal action by the SEC against cryptocurrency exchanges doesn't seem to have been well received by #JPMorgan, who is requesting that the government create specific regulations for the sector.

As a result, the largest bank in the world, with a $413 billion market valuation, has chosen sides and backed the #crypto sector in its quest for a US-centric future.

In particular, a legal framework must be established to stop a flight of cryptocurrency capital abroad in the wake of the Securities and Exchange Commission's attacks on #Binance and #Coinbase.