The CLARITY Act breakthrough: Why JPMorgan says the U.S. crypto rulebook is ‘close to completion’

What Happened

JPMorgan reports negotiations on the CLARITY Act, which defines U.S. digital asset regulation, are nearing completion. Lawmakers and regulators have narrowed contentious issues from twelve to two or three. The legislation addresses SEC and CFTC oversight division, stablecoin treatment, and decentralized finance rules. Stablecoin yield rewards remain debated, with banks opposing features resembling unregulated deposit-taking. No formal vote scheduled yet. Timing concerns exist regarding 2026 midterm elections potentially shifting legislative priorities.

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