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Banks including JPMorgan, Bank of America, and Citi have blocked some AI agents from accessing accounts. Dave Jones says banks face liability and regulatory constraints; the discussion also cites a credit-union rule limiting certain share-account transfers and suggests agent wallets topped up from bank accounts as an alternative.
James Lavish calls Bitcoin a relatively pure debasement trade because it lacks the company-specific and property-specific risks of stocks and real estate. He cites JPMorgan analysts’ 10-year outlook, but says 55% annualized volatility and past drawdowns force institutions to keep allocations small and stress-test portfolios.
DTCC says 20 firms have signed up, including Bank of America, Barclays, Citi, Fidelity, JPMorgan, Morgan Stanley, Citadel Securities, State Street, and UBS. Eligible firms can tokenize during business hours, with DTCC targeting processing in 15 minutes or less.
JPMorgan Chase, Coca-Cola, Dell, Adobe, Applied Materials, and SanDisk joined objections to the OKX-ICE tokenized-stock plan. CoinDesk counted 33 disclosed objections, up from 26, with 30 of 62 initially proposed companies objecting, about 48%; David Bennett expects more firms to opt out.
Simon Dixon says the financial industrial complex includes banks, asset managers, pension funds, fiat-money creators, and securities underwriters. He argues that firms such as JPMorgan and Goldman Sachs earn from trading volatility, dealmaking, and wealth moving from small businesses to large public companies.