# JPMorgan Warns Crypto Rules Can Be Overturned

> JPMorgan says agency crypto rules may be reversed in court, raising concerns about XRP's regulatory risk after CLARITY Act fails.
- Title: JPMorgan Warns Crypto Rules Can Be Overturned · Yahoo Finance
- Summary: JPMorgan says agency crypto rules may be reversed in court, raising concerns about XRP's regulatory risk after CLARITY Act fails. JPMorgan warns agency…
- Keywords: jpmorgan, clarity act, sec, crypto, xrp, eth, sol, presidential transition, regulatory reversal, agency rules, business, finance
- Source: Yahoo Finance — https://finance.yahoo.com/markets/crypto/articles/jpmorgan-says-agency-crypto-rules-162826874.html
- Published: 2026-09-17T16:28:26+00:00
- Read time: 1 min
- Topics: jpmorgan, clarity act, sec, crypto, xrp, eth, sol, presidential transition, regulatory reversal, agency rules, business, finance
## JPMorgan's Warning
JPMorgan warned clients that agency crypto rules are less durable than legislation because courts or a future Commission can reverse them.

> JPMorgan warned clients that agency crypto rules are less durable than legislation because courts or a future Commission can reverse them
## CLARITY Act Fails
On September 15, the U.S. Senate blocked the cloture motion to advance the CLARITY Act bill, failing by 49-50 votes.

> On September 15, the U.S. Senate blocked the cloture motion to advance the CLARITY Act bill, failing by 49-50 votes
## Industry Fallback Plan
Some industry leaders pointed to agency rules as a fallback if Congress could not deliver new regulations.

> some of the industry's biggest names, including Atkins, Selig, Armstrong, Saylor and Garlinghouse, pointed to the same fallback
## JPMorgan's Durability Concern
JPMorgan questioned how durable agency rule clarity would be without Congress putting it into law.

> JPMorgan still recognized that clearer agency rules could support crypto prices, but questioned how durable that clarity would be without congress putting it into law
## Bernstein's View
Bernstein described the CLARITY Act as a 'fool-proof shield for the industry against future political shifts'.

> Bernstein described the CLARITY Act as a 'fool-proof shield for the industry against future political shifts'
## XRP's Regulatory Risk
XRP carries the highest regulatory reversal risk with legal standing resting entirely on a reversible SEC-CFTC interpretation.

> XRP carries the highest regulatory reversal risk, with its legal standing resting entirely on a reversible SEC-CFTC interpretation rather than statute
## Bitcoin's Safety
Bitcoin faces no plausible agency reversal path, making it the least exposed hold across a presidential transition.

> Bitcoin faces no plausible agency reversal path, making it the least exposed hold across a presidential transition compared to XRP or Ethereum
## Key takeaway

JPMorgan warns agency crypto rules can be overturned in court, making XRP more vulnerable than Bitcoin as the CLARITY Act fails in Congress.