JPMorgan: Negotiations on the CLARITY Act Enter Final Stage, Disputed Issues Reduced to 2-3

Odaily News JPMorgan analysts stated that negotiations on the U.S. Cryptocurrency Market Structure Act (also known as the CLARITY Act) have entered the final stage, with both sides working to reach compromises on the remaining few points of contention. The number of disputed issues has been reduced from over a dozen to 2-3 core problems, with discussions on stablecoin rewards reportedly "in good shape." While banks have expressed concerns about stablecoins offering deposit-like yields, there is an overall bipartisan compromise trend. JPMorgan believes "there is no perfect bill," and once passed, the act will provide crucial regulatory clarity for integrating digital assets into the U.S. financial system.

The Cryptocurrency Market Structure Act is currently in advanced negotiation stages in the U.S. Senate. Senate staff have indicated that the draft is "very close" to being resolved, but the final text has not been released, nor has a formal vote been scheduled. The remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification. Although optimism is rising, the bill still faces the risk of delay due to the 2026 midterm elections, potentially entering a more uncertain political environment. If ultimately passed, the act will delineate regulatory authority between the SEC and CFTC, establishing a long-term regulatory framework for stablecoins, DeFi, and the broader crypto industry. (CoinDesk)