JPMorgan: CLARITY Act May Be Approved Mid-Year and Become a Catalyst in the Second Half

Odaily News JPMorgan analysts stated in their latest report that the U.S. crypto market structure legislation, the CLARITY Act, is expected to be approved by mid-year and could serve as a positive catalyst in the second half. The bill has already made progress in the House of Representatives, while the Senate is still reviewing it. It involves controversies such as stablecoin revenue-sharing arrangements and conflicts of interest for government officials.

The analysts noted that if the bill passes, it could bring clarity to the regulatory framework, shift the current enforcement-oriented regulatory approach, and impact tokenization and institutional participation. The report also listed potential effects, including easing compliance pressure on major tokens, supporting innovation, promoting secondary trading, allowing banks to custody digital assets, and advancing the tokenization of real-world assets. (TheBlock)