JPMorgan says the Clarity Act could drive the development of the US crypto market

JPMorgan stated that if the long-stalled Clarity Act is passed, it will bring regulatory clarity, promote institutional participation, and accelerate the tokenization process of the US crypto market. Currently, bitcoin is fluctuating within a price range, ethereum is underperforming, trading volumes are sluggish, and the digital asset market is stagnant. The Clarity Act plans to divide regulatory authority between the SEC and CFTC, simplify compliance processes for certain tokens, and allow limited capital raising. However, due to Senate delays and industry disagreements, the bill remains stalled. JPMorgan analysts believe that a clear regulatory framework could attract institutional participation, enhance market liquidity, and drive a significant rise in the crypto market.