JPMorgan: "Stalling of the Clarity Act could be a headwind for the crypto market"

JPMorgan said the odds of the U.S. CLARITY Act passing the Senate have fallen, which could increase regulatory uncertainty in crypto markets.

The bill would split oversight between the CFTC and the SEC, but negotiations are being delayed by disputes over ethics rules, stablecoin yield, DeFi, and AML.

A delay could slow institutional adoption, blockchain financial infrastructure buildout, and the growth of tokenized finance.

If passed, the bill could reduce regulatory ambiguity and support broader market activity in U.S. digital assets.