JPMorgan: The CLARITY Act May Be Approved by Mid-Year and Serve as a Catalyst in the Second Half of the Year

Odaily Planet Daily News: JPMorgan analysts stated in a recent report that the US crypto market structure legislation, the CLARITY Act, is expected to be approved by mid-year and could serve as a positive factor in the second half of the year. The bill has made progress in the House of Representatives, while the Senate is still reviewing it, with controversies surrounding stablecoin yield arrangements and conflicts of interest among government officials.

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