- The bill aims to replace enforcement-driven policy with clear token classifications and defined oversight roles.
- Key debates include stablecoin yield permissions and conflict-of-interest limits for officials.
- Analysts led by Nikolaos Panigirtzoglou see regulatory clarity boosting tokenization and institutional adoption.
Amid persistent sell-off fears across digital asset markets, analysts at JPMorgan Chase say U.S. lawmakers may soon break a long regulatory stalemate. The bank said the proposed CLARITY Act could pass by mid-2026. The report frames the bill as a potential second-half catalyst for the U.S. crypto sector.
Mid-Year Timeline and Policy Scope
According to JPMorgan, the CLARITY Act aims to establish a comprehensive market structure for digital assets in the United States. The legislation would replace years of what analysts describe as regulation by enforcement. Notably, the bill seeks clearer token classifications and defined roles for intermediaries.
The report added that approval could arrive by mid-year, following extended negotiations in Washington. JPMorgan analysts said the framework would also support tokenization of real-world assets. In addition, it could provide lighter registration requirements for early-stage crypto projects.
Key Debates Slowing Progress
However, JPMorgan highlighted two unresolved issues delaying passage. First, lawmakers continue debating whether stablecoins should be allowed to offer yield. Crypto firms favor rewards, while banks warn of deposit outflows.
Second, conflict-of-interest rules remain contentious. Democrats have pushed to bar senior government officials and family members from holding crypto ties. According to the report, these disagreements have slowed legislative momentum.
The White House has reportedly hosted several meetings on the bill. Meanwhile, Patrick Witt previously suggested progress in February. Still, a March 1 target passed without public updates.
Market Impact and Analyst Outlook
Despite ongoing market weakness, JPMorgan maintained a constructive outlook. The analysts said regulatory clarity could improve institutional participation later in the year. They also cited benefits such as clearer tax treatment for small transactions and staking.
The report, led by managing director Nikolaos Panigirtzoglou, stated that approval could support tokenized deposits and real-world asset issuance. While sentiment remains cautious, the bank views the bill as a structural shift rather than a short-term fix.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hassett: The Strait of Hormuz could be opened within two months, and the Federal Reserve still has room to cut rates
Gate News message: On April 10, U.S. National Economic Council Director of the White House, Hassett, said the Strait of Hormuz could be reopened within two months. In addition, Hassett said the Federal Reserve still has room to cut interest rates, and this outlook will be very solid.
GateNews13h ago
Reuters: The market is pricing in expectations that the U.S. Federal Reserve will keep interest rates unchanged throughout 2026
Gate News, April 10, according to Reuters, the market continues to price in expectations that the Federal Reserve will keep interest rates unchanged throughout 2026.
GateNews13h ago
CME Data: The probability that the Federal Reserve will keep interest rates unchanged in April is 98.4%
Gate News message: On April 10, according to CME "FedWatch" data, before the CPI data is released, the probability that the Federal Reserve will raise rates by 25 basis points in April is 1.6%, while the probability of keeping rates unchanged is 98.4%. Looking ahead to June, the probability of cumulative rate cuts of 25 basis points is 1.5%, the probability of keeping rates unchanged is 96.8%, and the probability of cumulative rate hikes of 25 basis points is 1.7%.
GateNews14h ago
Federal Reserve’s Daly: If the Iran conflict is resolved and oil prices fall, a rate cut “is not out of the question”
Gate News, on April 10, Daly, the president of the Federal Reserve Bank of San Francisco, said that if the Iran conflict is resolved quickly and oil prices fall, a rate cut is “not impossible.” She also noted that the likelihood of a rate hike is lower than the likelihood of cutting rates or keeping interest rates unchanged.
GateNews14h ago
Banking firms such as Australia and New Zealand Banking Group (ANZ) and Goldman Sachs maintain a bullish outlook for gold, with a year-end target price as high as $5,800
Banks such as Australia and New Zealand Banking Group (ANZ) and investment banks like Goldman Sachs predict that gold may rebound in the long term, mainly driven by central bank demand, geopolitical uncertainty, and expectations that the Federal Reserve will cut interest rates. ANZ expects the gold price to reach $5,800 by year-end, while Goldman Sachs maintains a $5,400 outlook, saying that central bank gold purchases will be a support factor.
GateNews15h ago
A certain CEX has been approved for a Federal Reserve master account, raising concerns about systemic risk and transparency
A cryptocurrency exchange became the first CEX to be approved for a Federal Reserve master account, but the account is restricted—access is limited to the Fedwire payment system, and it cannot earn interest. This move has sparked concerns about financial risk and transparency in the U.S., and regulatory experts warn it could affect financial stability. The exchange said it is complying with anti–money laundering requirements.
GateNews15h ago
