The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.

The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.

The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.

JPMorgan analysts said the crypto market structure bill, or Clarity Act, may have only a narrow window for passage this year.

JPMorgan Chase warned that the crypto industry's long-awaited Clarity Act faces a narrowing path to passage as midterm-election politics and disagreements over stablecoin yields…