Traditional banks in the U.S. love to FUD crypto on the surface while secretly buying in—JPMorgan is the perfect example. JPMorgan’s boss, Jamie Dimon, has always been a vocal critic of stablecoins and clear crypto regulations. But in Q2 this year, JPMorgan kept increasing its positions in $BTC and $ETH (through ETFs). Right now, their $BTC holdings are around $350 million. These old players aren’t clueless about crypto—they just want to push prices down to buy in cheap. Traditional banks are using this bear market to build their positions, so when the next bull run comes, everyone’s on the same boat. As for clear regulations, it’s just a matter of timing—whether it’s a few months earlier or later, it’s tied to U.S. national policy and will definitely pass.