JPMorgan has warned that the legislative window for passing the Clarity Act — a bill designed to establish a clear regulatory framework for crypto markets — is narrowing. The bank highlighted several remaining hurdles that could prevent the bill from advancing, with disputes over whether stablecoins should be permitted to offer yield emerging as a central sticking point among lawmakers. If unresolved, these disagreements could stall or derail the legislation entirely. The warning underscores growing concern among financial institutions that Congress may run out of time to deliver comprehensive crypto market structure rules within the current session, leaving the industry without the regulatory clarity it has long sought.
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