U.S. Cryptocurrency Market Structure Act Nears Final Negotiation Stage

On April 16, analysts from JPMorgan indicated that negotiations over the U.S. Cryptocurrency Market Structure Act, known as the CLARITY Act, are approaching their final phase. According to BlockBeats, the discussions have narrowed down to a few remaining contentious issues, with stablecoin reward topics reportedly progressing well. Despite banks expressing concerns about stablecoins offering deposit-like returns, there is a bipartisan compromise emerging. JPMorgan acknowledges that while no legislation is perfect, the act's passage would provide crucial regulatory clarity for integrating digital assets into the U.S. financial system. Currently, the Cryptocurrency Market Structure Act is in advanced negotiation stages within the U.S. Senate. Senate staff have noted that the draft is "very close" to resolution, although the final text has not been released, nor has a formal vote been scheduled. The remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification. Although optimism is rising, the act faces potential delays due to the 2026 midterm elections, which could introduce a more uncertain political environment. If passed, the act would delineate regulatory authority between the SEC and CFTC, establishing a long-term regulatory framework for stablecoins, DeFi, and the broader crypto industry.