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JPMorgan: CLARITY Act Has Only A Narrow Window To Succeed, Timing Is 'Pivotal' - JPMorgan Chase (NYSE:JPM
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 create new obstacles. The biggest sticking point remains whether stablecoin issuers can offer yield-like products.
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coindesk.com
Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done
The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.
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JPMorgan sees shrinking window for U.S. crypto market structure overhaul
The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.
