JPMorgan Chase: Negotiations on the Clarity Act have entered the final stage, with the number of contentious issues narrowed down to 2-3.

JPMorgan analysts say negotiations on the U.S. Cryptocurrency Market Structure Act (CLARITY Act) have entered their final stages, with both sides reaching compromises on the remaining few points of contention. The disputes have narrowed from over a dozen to 2-3 core issues, with discussions on stablecoin rewards "going well." While banks have expressed concerns about stablecoins offering deposit-like returns, the overall picture shows a bipartisan compromise. JPMorgan believes "no bill is perfect," and if passed, the act will provide significant regulatory clarity for the integration of digital assets into the U.S. financial system. The Cryptocurrency Market Structure Act is currently in advanced negotiations in the U.S. Senate. Senate staff say the draft is "very close" to a resolution, but the final text has not yet been released, and no formal vote has been scheduled. The remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification. While optimism is rising, the bill still faces the risk of delay due to the 2026 midterm elections, potentially entering a more uncertain political environment. If ultimately passed, the bill will divide regulatory authority between the SEC and CFTC, providing a long-term regulatory framework for stablecoins, DeFi, and the entire crypto industry. (CoinDesk)