JPMorgan: The crypto market structure bill is expected to be approved by mid-year and become a positive catalyst for the second half of the year

According to market news, JPMorgan analysts stated in a report that the U.S. cryptocurrency market structure legislation, the "CLARITY Act," may be approved by mid-year and become a positive catalyst for the second half of the year.

The bill has currently been advanced by the House of Representatives, while the Senate is still in discussion, facing two major controversies: the issue of stablecoin yields and conflicts of interest among government officials. Analysts pointed out that if the bill passes, it will reshape the market structure: providing regulatory clarity, ending "regulation by enforcement," promoting tokenization, and facilitating institutional participation.

The analysts listed eight potential positive impacts, including reducing compliance burdens for major tokens, supporting innovation in the U.S. market, unlocking secondary trading, allowing traditional banks to directly custody digital assets, facilitating the tokenization of real-world assets, protecting open-source developers, providing tax exemptions for small transactions in everyday crypto payments, and promoting the development of tokenized deposits among institutions.