JPMorgan: CLARITY Act deal imminent as key issues narrow

JPMorgan has assessed in a recent report that negotiations for the U.S. cryptocurrency market structure act, known as the CLARITY Act, are nearing a final agreement with only a few unresolved issues remaining. According to CoinDesk, a senior policy official stated that the number of contentious items has been reduced from around 12 to just two or three, and that discussions on the most controversial topic, stablecoin interest, are progressing well. Another Senate aide also noted that the draft bill is in its final stages, with remaining issues such as DeFi supervision and cryptocurrency classification expected to be settled soon. JPMorgan noted that political variables remain, as the final draft has not yet been released and an official voting schedule has not been set. The bank highlighted the upcoming 2026 midterm elections, suggesting that if the Democratic Party were to regain a majority in the House of Representatives, crypto-related legislation could be delayed. However, JPMorgan explained that there is a growing willingness among stakeholders to compromise on a practical regulatory framework rather than holding out for a perfect bill.