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JPMorgan: the CLARITY Act in the U.S. is close to a final breakthrough
- JPMorgan sees a chance for the rapid approval of the CLARITY bill.
- The bank emphasized that only 2–3 disputed issues remain to be resolved.
- Special attention is focused on stablecoin rewards, which were described as being “in a good place.”
Analysts at JPMorgan Chase stated that negotiations around the CLARITY Act in the United States are approaching a decisive stage. According to the bank, Washington has managed to narrow down the list of contentious issues to a minimum, which could pave the way for a comprehensive regulatory framework for the crypto market. This was reported by CoinDesk.
According to the JPMorgan Chase report, negotiations between lawmakers and regulators have made significant progress.
One official familiar with the process noted that the number of disputed points has been reduced from about a dozen to “2–3 issues,” and discussions around stablecoin rewards are already “in a good place.”
The market is paying the most attention to the yield mechanism of stablecoins. The banking sector opposes allowing issuers to offer users returns similar to deposit rates without equivalent regulatory requirements.
The latest compromise proposals, according to the bank, could gain support from both crypto companies and traditional financial institutions.
Political risks remain high
Despite the positive signal, the path to adoption remains complex.
The final text of the bill has not yet been published, and no official vote has been scheduled. The 2026 U.S. Congressional elections remain an additional risk factor.
JPMorgan Chase warned that if the political balance shifts—particularly if Democrats regain control of the House of Representatives—crypto regulation could lose priority.
Previously, TD Cowen analysts estimated the chances of passing the CLARITY Act before the August congressional recess at just one in three, while former White House communications director Anthony Scaramucci even declared the bill effectively “dead” due to a lack of Senate votes.
As one political advisor noted, “there is no such thing as a perfect bill,” emphasizing the willingness of all sides to compromise in order to create a workable market framework.
Meanwhile, U.S. Treasury Secretary Scott Bessent urged for the bill’s swift approval, stressing that without it, the United States risks losing its role as the global standard-setter for digital asset regulation.
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