JPMorgan: The Crypto Market Structure Bill Is Expected to Be Approved Mid-Year and Will Serve as a Positive Catalyst in the Second Half of the Year

ChainCatcher reports that, according to market sources, JPMorgan analysts stated in a report that the U.S. crypto market structure legislation, the “CLARITY Act,” could be approved by mid-year and serve as a positive catalyst for the second half of the year.

The bill has already been advanced by the House of Representatives, while the Senate is still discussing it. Currently, there are two major points of controversy: stablecoin yield issues and conflicts of interest among government officials. Analysts pointed out that if the bill passes, it will reshape the market structure by providing regulatory clarity, ending “regulation through enforcement,” promoting tokenization, and encouraging institutional participation.

The analysts listed eight potential positive impacts, including easing compliance burdens for major tokens, supporting innovation in the U.S. market, unlocking secondary trading, allowing traditional banks to directly custody digital assets, facilitating the tokenization of real-world assets, protecting open-source developers, providing tax exemptions for small transactions in everyday crypto payments, and promoting the development of tokenized deposits among institutions.