Crypto for Advisors: Is the Clarity Act dead?
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JPMorgan warns dimming crypto bill prospects cloud digital asset outlook
JPMorgan has cautioned that weakening chances of the U.S. Clarity Act passing represent a significant setback for the cryptocurrency market. The bank identified the proposed market structure legislation as a key catalyst that had been supporting optimism around digital assets. Without its passage, a major regulatory tailwind for the sector could disappear. Despite this concern, JPMorgan acknowledged that tokenization efforts and growing institutional adoption of crypto continue to move forward.
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