JPMorgan Warns That Failure to Pass the Clarity Act Will Hurt Crypto Markets - Tekedia

JPMorgan warned that delaying the Digital Asset Market Clarity Act could weaken US crypto markets.

The bank said clear federal rules are needed to define SEC and CFTC oversight and support tokenization and blockchain use cases.

Without progress, crypto activity and innovation could move away from the US.

JPMorgan argued the bill is key to keeping digital asset growth, including stablecoins, within a competitive US market.