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.